Sale of 13,656 SF, Tabernacle, NJ
Rose Commercial Real Estate Negotiates the Sale of Yates Plaza
a 13,656 Square Foot Retail Strip Center for $1.15 Million
Property Type: Retail Strip Center/Investment
Site Size: 13,656 SF | 2.5 Acres
Seller: Kenmare Limited, LLC
Buyer: 1572 Rt 206, LLC
Brokers: Alan Sussman, Director of Investment Sales
After 50+ years of ownership, the Yates family heirs made the difficult decision to sell Yates Plaza and engaged Alan Sussman, director of investment sales with Rose Commercial Real Estate. Located on the heavily traveled Route 206 between Route 70 and Medford Lakes Road, the 13,656 square foot retail strip center was an attractive investment drawing a number of potential buyers and ultimately selling to a local South Jersey restauranteur. At the time of sale, Yates Plaza was approximately 70% occupied with many tenants having been in place for 20+ years. The deal closed for $1,150,000 on February 14, 2023.
