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Saigon Plaza 5201 Route 38

44,490 SF 100% Leased Retail Building Pennsauken, NJ 08109 $11,000,000 ($247/SF) 7.15% Cap Rate

Retail Buildings New Jersey Pennsauken 5201 Route 38, Pennsauken, NJ 08109

Investment Highlights

  • The subject property sits on 4.40 Acres and strategically located on Route 38 with phenomenal traffic counts exceeding 47K VPD
  • Well positioned and angled for consumers to access the center and coupled with one of the best billboard signs on Route 38
  • Current ownership spent $150K on the parking lot to stripe, seal, and paint it. Ownership also spent about $110K on the roof and facade.
  • Sun Seng Supermarket is a stable anchor that has been operating at this location for 13 years(2011) with 7 years remaining on the term.
  • Dense demographics where within a 3-mile radius the Population is $158K and the AHI is $84K

Attachments

Saigon Plaza - Pennsauken, NJ - OM 2024

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
44,490 SF
Building Class
B
Year Built/Renovated
1981/2000
Price
$11,000,000
Price Per SF
$247
Cap Rate
7.15%
NOI
$786,985
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Land Acres
4.40 AC
Zoning
N/Av, Pennsauken Twp
Parking
225 Spaces (5.06 Spaces per 1,000 SF Leased)
Frontage
631 FT on Kaighns Avenue

Amenities

  • Bus Line
  • Freeway Visibility
  • Pylon Sign
  • Signage
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PROPERTY TAXES

Parcel Numbers
Multiple
  • 27-06001-0000-00054
  • 27-06001-0000-00054-0000-B01
 Improvements Assessment $2,024,600
Land Assessment $738,700 Total Assessment $2,763,300

PROPERTY TAXES

Parcel Numbers
Multiple
  • 27-06001-0000-00054
  • 27-06001-0000-00054-0000-B01
Land Assessment
$738,700
Improvements Assessment
$2,024,600
Total Assessment
$2,763,300
(215) 531-7026

  • Listing ID: 32876710

  • Date on Market: 8/19/2024

  • Last Updated:

  • Address: 5201 Route 38, Pennsauken, NJ 08109

More public record information on 5201 Route 38, Pennsauken, NJ 08109

The Retail Property at 5201 Route 38, Pennsauken, NJ 08109 is currently available For Sale. Contact Dougherty And Partners of Marcus & Millichap for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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5201 Route 38, Pennsauken, NJ for sale Building Photo- Image 1 of 10
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5201 Route 38, Pennsauken, NJ for sale Building Photo- Image 2 of 10
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5201 Route 38, Pennsauken, NJ for sale Building Photo- Image 3 of 10
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5201 Route 38, Pennsauken, NJ for sale Building Photo- Image 4 of 10
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5201 Route 38, Pennsauken, NJ for sale Building Photo- Image 5 of 10
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5201 Route 38, Pennsauken, NJ for sale Building Photo- Image 6 of 10
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5201 Route 38, Pennsauken, NJ for sale Building Photo- Image 7 of 10
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5201 Route 38, Pennsauken, NJ for sale Building Photo- Image 8 of 10
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5201 Route 38, Pennsauken, NJ for sale Building Photo- Image 9 of 10
5201-New-Jersey-38-Pennsauken-Township-NJ

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Saigon Plaza | 5201 Route 38
(215) 531-7026 x

Saigon Plaza | 5201 Route 38

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Derrick Dougherty

(215) 531-7026

(215) 531-7026

Mark Krantz

(215) 531-7056

(215) 531-7056

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