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7-Eleven-anchored shopping center sells for $4.9M
Burlington County asset boasts 30K square feet
Jessica Perry//November 11, 2022
7-Eleven-anchored shopping center sells for $4.9M
Burlington County asset boasts 30K square feet
Jessica Perry//November 11, 2022
Located just a mile-and-a-half from Exit 40 on Interstate 295, a 30,327-square-foot retail center in Mount Laurel recently sold for $4.9 million.
Cushman & Wakefield announced the sale Nov. 9 for the property located at 3163 Marne Highway in the Burlington County municipality.
A team of Managing Director Andrew Schwartz, Director Jordan Sobel and Senior Associate Andre Balthazard represented the seller in the transaction – Mt. Laurel Center LLC, an affiliate of The Becker Organization – and procured the buyer, 3163 Holdings LLC.
“The property is ideally located in a dynamic area with abundant retail offerings and significant corporate presence,” Schwartz said in a statement. “The center is anchored by 7-Eleven and benefits from a diversified rent roll from 12 tenants.”
Situated on 4.37 acres of land, the complex includes 157 parking spaces.
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