Sale of 22,000 SF Medical Office Building in Mount Laurel, NJ
813 East Gate Drive, Mount Laurel, NJ
Property Type: Medical Office Building
Site Size: 22,000 SF
Buyer: John DiPietropolo
Seller: Overbrook Partners, LP
Broker: Adam Rose, President
Adam Rose, President at Rose Commercial Real Estate, represented local investor John DiPietropolo in the purchase of a 22,000 square foot, one-story medical office building located at 813 East Gate Drive in Mt. Laurel, NJ. The experienced residential real estate investor was specifically looking for a 1031 Exchange property with clear parameters in his first commercial investment. Key property features included its convenient location with easy access to I-295, New Jersey Turnpike and Routes 73 & 38 as well as three (3) long-term stable tenants ~ Relievus Pain Management, Dr. Edward Baruch and Allied Orthotics. The transaction closed on June 14, 2019 at a selling price of $2,750,000.
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