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Vantage Commercial Concludes an Investment Sale in Somers Point, NJ

Posted on April 30, 2021

Vantage Commercial announces the investment sale of retail/industrial building in Somers Point at 216-218 West Groveland Ave, Somers Point, NJ!


Vantage Commercial is thrilled to announce the sale of a 12,000 SF retail/industrial building located in Somers Point, NJ. 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 Commercial, represented both the buyer and seller in this agreement that allowed for an efficient change of 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. The Dadlani family is a seasoned investment group focusing on industrial-type properties. They acted quickly and were a pleasure to work with,” Richardson said.

“It was a pleasure dealing with Ken and it was due to his efforts that the closing on the property took place. It was nice doing business with a professional and we hope to do more business with Ken and Vantage in the future,” the buyer stated.

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