Cherry Hill-based Vantage Commercial said April 30 it completed the sale of a 12,000-square-foot retail/industrial building Somers Point.
The property sold as an investment sale and is occupied under a long-term lease by Weinstein Supply, a national plumbing supply wholesaler. Ken Richardson, executive director at Vantage, represented both the buyer and seller in this agreement that allowed the asset to efficiently change ownership.
In just 12 weeks from acquiring the listing, Richardson identified the buyer, negotiated the transaction, and ultimately, sold the asset.
“The seller worked with us to finalize the listing, which met all of their requirements. Once the opportunity was secured, we reached out to our network and secured a buyer rather quickly,” Richardson said.