70 Manheim Ave
5,200 SF 100% Leased Office Building Bridgeton, NJ 08302 $599,000 ($115/SF) 3.11% Cap Rate
INVESTMENT HIGHLIGHTS
- Medical office building with various other uses and long-term tenant.
EXECUTIVE SUMMARY
Beautiful building with great income potential! This property is currently used as a medical office building with a physical therapy tenant occupying 2000 sq. ft. on the first floor until September 31, 2025. The remaining 3200 sq. ft. on the first floor was designed as a medical office, but it could also be used for other purposes. This area is currently being leased on a part-time basis with a 90-day notice pending sale of the building. The building also has a full, unfinished attic area, accessible by an interior stair case, which could be finished to create additional office space. This property is within 15 minutes of the Inspira Medical Center in Vineland; and is within 20 minutes of most residential districts in the western part of Cumberland County. Schedule a private showing today. Proof of funds required. Seller is very motivated; all reasonable offers will be considered!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
5,200 SF
Building Class
C
Year Built
1989
Price
$599,000
Price Per SF
$115
Cap Rate
3.11%
NOI
$18,630
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,200 SF
Building FAR
0.08
Lot Size
1.44 AC
Zoning
Industrial - https://ecode360.com/6907674
Industrial, storage, medical offices, retail, municipal uses, administrative offices, etc.
Parking
32 Spaces (6.15 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Ivy Rehab
- Health Care and Social Assistance
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Ivy Rehab | Health Care and Social Assistance | 99,999 SF | - | - |
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PROPERTY TAXES
| Parcel Number | 01-00104-0000-00013-01 | Improvements Assessment | $401,000 |
| Land Assessment | $30,400 | Total Assessment | $431,400 |
