We are pleased to announce the successful off-market sale of 7300 Frankford Avenue, a significant 37,000-square-foot multi tenant retail and healthcare complex located in Northeast Philadelphia. This property has been a key asset within the community, providing essential services and retail opportunities to local residents.
The transaction process for this complex involved a last-minute assignment and the introduction of a new buyer, showcasing our team’s ability to adapt swiftly and efficiently to changing circumstances. We were able to secure a favorable deal, with the property trading hands for an impressive $5,303,080 this month.
The new owner is excited to take over this location, which boasts a diverse mix of tenants catering to a broad spectrum of needs in retail and healthcare services. This acquisition underscores the continued strong demand for high-quality, well-located commercial properties in the Philadelphia market.
We are confident that the new owners will continue to build on the success of 7300 Frankford Avenue, further enhancing its value and service to the community.
