28 — September 2024 — New Jersey — M id A tlantic Real Estate Journal
www.marej.com
N ew J ersey
EVP Joni Sweetwood Arranges Exclusive Sale of 44-Unit Property in Atlantic County Kislak sells Indian Oaks Apartments in Mays Landing, NJ for $5.85 Million
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behalf of the longtime owner, Indian Oaks Apartments, LLC, which had owned the property for nearly 30 years. Executive vice president Joni Sweetwood handled the as- signment and also procured the purchaser, Indian Oaks Manor, LP. Sweetwood said, “The of - fering presented an attrac - tive investment opportunity to acquire a well performing property consisting of mostly townhouses with many recent improvements, upside poten - tial and development potential on 40-plus acres in Atlantic
County not far from Atlantic City International Airport.” Indian Oaks Apartments consist of 11 buildings with 44 apartments and townhouses on 40.924 acres. Tenants are re - sponsible for all utilities except water. The unit mix includes 10 one-bedroom apartments, six two-bedroom apartments and 28 two-bedroom townhous - es. The property includes many recent capital improvements – new roofs, HVAC systems, kitchens, and appliances. Indian Oaks Apartments is located across from Lake Lenape, which offers boating, camping, hiking, and many other recreational activities, in Mays Landing, which is an unincorporated and cen - sus-designated place located within Hamilton Township in central Atlantic County. It is near Stockton University, shopping, and major highways and approximately 12 miles from Atlantic City Internation - al Airport, 20 miles northwest of Atlantic City and 50 miles southeast of Philadelphia. Sweetwood joined Kislak in 1996 and is one of the firm’s all-time leading salespeople consistently ranking as a top producer each year. She has won numerous sales awards, including the Sima Kislak Jelin Salesperson of the Year award, the company’s Pro - ducer of the Year award five times and the company’s Sales Transactions award for the most closed sales transactions in the last three years. Sweet - wood has also been recognized repeatedly as one of New Jer - sey’s Commercial Broker All Stars and the Mid Atlantic Real Estate Journal’s Execu - tive Women in Business. Her career investment sales total more than $1.3 billion. About The Kislak Company, Inc. The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently rec - ognized for its investment sales success. Established in 1906, Kislak’s market leadership po - sition and longevity are due to its ability to offer clients a per - sonalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and own - ers, partnerships, financial institutions, and REITs. MAREJ
AYS LANDING, NJ — The Kislak Company, Inc. an-
nounced the recent sale of Indian Oaks Apartments, a 44-unit multi fam - ily property at 6200 Old H a r d i n g Highway in Mays Land - ing, Atlantic County, for $5,850,000. Kislak marketed the prop - erty on an exclusive basis on Joni Sweetwood
Indian Oaks Apartments
Cobbler Lofts NEWTON, NJ 101 UNITS + 12,000 SF NNN MEDICAL CONDO • No rent control • Over 1M spent on property upgrades • 84 completely renovated apartments • Value-add opportunity to increase in place rents through kitchen & bath upgrades • Short drive to proposed site of NJ Transit passenger railroad station in Andover • Close to major employment, shopping and outdoor recreation
EXCLUSIVELY LISTED BY: JOSEPH KEENAN SENIOR VICE PRESIDENT jkeenan@kislakrealty.com 732 750 3000 ext. 256
The Kislak Company, Inc. kislakealty.com
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