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Vantage Commercial Facilitates Sale of Fire-Damaged Commercial Property in Woodbury, NJ

Posted on July 20, 2023

Vantage Commercial, a leading commercial real estate brokerage firm, is pleased to announce the successful sale of the commercial property located at 665 North Broad Street, Woodbury, NJ. The transaction was managed by Vantage Commercial on behalf of the owners, Cipriani Remodeling Solutions, who sought to dispose of the asset following extensive damage caused by an adjacent fire.

Cipriani Remodeling Solutions, a renowned remodeling solutions provider, engaged Vantage Commercial to handle the sale based on their previous business relationship and their confidence in Vantage’s expertise. With a solid track record of meeting their needs in the past, Cipriani trusted Vantage Commercial to effectively manage the transaction and deliver exceptional results.

The buyer, an experienced investor in the commercial real estate market, plans to restore the property to its previous condition and lease the space out to prospective tenants. The acquisition aligns with the investor’s strategy of acquiring distressed properties, renovating them, and maximizing their potential.

Representing the seller were Ken Richardson, Vice President of Vantage Commercial, and Vince Ceroli, Senior Advisor. Leveraging their extensive knowledge and expertise, Richardson and Ceroli guided Cipriani Remodeling Solutions throughout the sales process, ensuring a quick and efficient transaction that met the expectations of both the buyer and seller.

John Doss, a seasoned Sales Associate at Vantage Commercial, represented the buyer in this transaction. Doss demonstrated his deep understanding of the market and commitment to client success, ultimately securing a favorable deal for the buyer.

“We are thrilled to have facilitated the sale of 665 N Broad Street on behalf of Cipriani Remodeling Solutions,” said Ken Richardson, Vice President of Vantage Commercial. “Despite the challenges posed by the fire damage, we were able to leverage our experience and industry relationships to attract a motivated buyer who recognizes the potential of this property. The swift and efficient process underscores Vantage Commercial’s dedication to delivering exceptional outcomes for our clients.”

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