Press Releases
Marcus & Millichap Brokers $2.5M Sale of Medical Office Property in New Jersey
May 06, 2025
SWEDESBORO, N.J., May 6, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 10,193-square-foot medical office property in Swedesboro, New Jersey. 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 exclusive 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 Road, 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 New Jersey Turnpike and Philadelphia International Airport.
“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 exclusive 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 Road, 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 New Jersey Turnpike and Philadelphia International Airport.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
