813 East Gate Drive, Mount Laurel, NJ
Property Type: Medical Office Building
Site Size: 22,000 SF
Buyer: John DiPietropolo
Seller: Overbrook Partners, LP
Broker: Adam Rose, President
Adam Rose, President at Rose Commercial Real Estate, represented local investor John DiPietropolo in the purchase of a 22,000 square foot, one-story medical office building located at 813 East Gate Drive in Mt. Laurel, NJ. The experienced residential real estate investor was specifically looking for a 1031 Exchange property with clear parameters in his first commercial investment. Key property features included its convenient location with easy access to I-295, New Jersey Turnpike and Routes 73 & 38 as well as three (3) long-term stable tenants ~ Relievus Pain Management, Dr. Edward Baruch and Allied Orthotics. The transaction closed on June 14, 2019 at a selling price of $2,750,000.
Rose Commercial Real Estate is a full service commercial real estate firm, specializing in all facets of the industry — representing buyers and sellers, landlords and tenants as well as investors both big and small. Key to our growth is experience combined with in depth understanding of the South Jersey real estate market. But that alone is only a part of the comprehensive service we provide clients. With our unique CIRCLES FOR SUCCESS and start-to-finish commitment, we make things happen.