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Building A 1765 Springdale Rd

5,000 SF 100% Leased Office Building Cherry Hill, NJ 08003 $1,800,000 ($360/SF) 5.04% Cap Rate

Medical Offices New Jersey Cherry Hill 1765 Springdale Rd, Cherry Hill, NJ 08003

Investment Highlights

  • Long term medical tenant since 1994 - NovaCare
  • Tenant upgraded and renovated their space in the past 4 years
  • New roof and upgraded heating, air conditioning and lighting

Executive Summary

Prime medical leased property with original tenant (NovaCare) in place. Prominent location on Springdale Road off Route 70.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Net Operating Income - -

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,000 SF
Building Class
B
Year Built/Renovated
1994/2019
Price
$1,800,000
Price Per SF
$360
Cap Rate
5.04%
NOI
$90,635
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.05
Land Acres
2.38 AC
Zoning
Office - Permitted existing use
Parking
87 Spaces (10 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Energy Performance Rating - A
  • Central Heating
  • Monument Signage
  • Air Conditioning
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(856) 857-1998

  • Listing ID: 31353507

  • Date on Market: 3/28/2024

  • Last Updated:

  • Address: 1765 Springdale Rd, Cherry Hill, NJ 08003

The Office Property at 1765 Springdale Rd, Cherry Hill, NJ 08003 is currently available For Sale. Contact Market Development Group, LLC for more information.

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Building A | 1765 Springdale Rd
(856) 857-1998 x

Building A | 1765 Springdale Rd

Jack Sattin

(856) 857-1998

(856) 857-1998

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