Marcus & Millichap brokers $2.5M sale of medical office

SWEDESBORO, NJ — Marcus & Millichap announced the sale of a 10,193 s/f medical office property in Swedesboro. The property sold for $2.5 million.

“The medical office sector continues to demonstrate remarkable stability, fueled by strong tenant retention, aging demographics and growing demand for outpatient services,” said Mark Krantz, first vice president investments. “Investors are increasingly drawn to health care assets for their consistent cash flow and resilience against broader market volatility.”

Krantz and Derrick Dougherty, investment specialists in Marcus & Millichap’s Philadelphia office, had the listing to market the property on behalf of the seller, a private investor based in South Jersey, and procured the buyer from the Philadelphia suburbs. John Horowitz is the firm’s broker of record in New Jersey.

Located at 100 Lexington Rd., the fully occupied medical office property is anchored by Inspira Health, which is one of South Jersey’s largest and most respected Non-Profit Health Network. The 2008-built condo spans three medical specialties—neurology, orthopedics and podiatry—and includes an additional tenant, Land O’ Frost. Positioned near a planned residential development and major highways, the property benefits from strong regional demographics and proximity to downtown Swedesboro, the NJ Tpke. and Philadelphia International Airport.