Medical at Riverwinds | 196 Grove Ave
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Medical at Riverwinds 196 Grove Ave
23,525 SF 100% Leased Office Building West Deptford, NJ 08086 $5,614,000 ($239/SF) 7.34% Cap Rate
Investment Highlights
- Assumable Financing Available – 5.23% Interest Rate - 8.43% Cash-on-Cash Return
- Upside Opportunity in Converting the Remaining Gross Leases to NNN and Raising all Rents to Market Value
- Columbia Bank Has 3 Lane Drive-Thru and Over $85 Million in Deposits
- Minutes From Cooper University Hospital, Inspira Health Center & Jefferson Hospital
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
23,525 SF
Building Class
B
Year Built
2005
Price
$5,614,000
Price Per SF
$239
Cap Rate
7.34%
NOI
$411,962
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
23,525 SF
Building FAR
0.25
Lot Size
2.18 AC
Zoning
M1
Parking
150 Spaces (6.38 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 20-00323-0000-00003-31 | Improvements Assessment | $573,000 |
| Land Assessment | $327,000 | Total Assessment | $900,000 |
PROPERTY TAXES
Parcel Number
20-00323-0000-00003-31
Land Assessment
$327,000
Improvements Assessment
$573,000
Total Assessment
$900,000
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Medical at Riverwinds | 196 Grove Ave
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