Sale of 7,132 SF Medical Building in Cinnaminson, NJ
1701 Wynwood Drive, Cinnaminson, NJ
Property Type: Medical Building
Site Size: 7,132 SF
Buyer: Wynwood Medical, LLC
Seller: Cinnaminson Dental Medical Center
Broker: Brett Davidoff, Vice President
Brett Davidoff, Vice President of Rose Commercial Real Estate, represented both parties in the sale of 1701 Wynwood Drive in Cinaminson, NJ. The 7,132 square foot standalone, multi-tenant medical building is located on the heavily trafficked high corridor of Route 130 with high exposure in a densely populated residential area. The buyers, Wynwood Medical, LLC, are investors who sought to purchase the 100% leased property that is occupied by medical tenants all with long term leases and a good cap rate on their investment. The transaction closed on December 12, 2019 at a purchase price of $875,000.
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