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709 Haddonfield Berlin Rd

9,308 SF 100% Leased Office Building Voorhees, NJ 08043 £2,524,800 (£271/SF) 6.07% Net Initial Yield

Investment Highlights

  • Investment Opportunity: 100% Net Leased Medical Building
  • 3% Annual Rent Increases
  • Minimal Landlord Responsibilities

Executive Summary

Binswanger is pleased to present a net-leased medical office building located in Southern New Jersey in the South Camden County submarket. The building is 100% leased to two tenants, Penn Medicine Becker ENT & Allergy and Complete Wellness Spas. The building and property have the following features:
• 9,308 SF Building located on a 0.88 Acre Lot
• Located directly across the street from Acme Market anchored Eagle Plaza Shopping Center
• 20,000 Vehicles per day on Haddonfield-Berlin Road
• Easy access to Camden, NJ and Philadelphia, PA
• Total Population of 215,690 people within the 5 Mile radius and Average HH Income of $105,707.
• Area retail includes Target, Starbucks, Wawa, Royal Farms, Acme, Chick-fil-A, Panera Bread, McDonald’s, Edge Fitness, Echelon Fitness, and Flyer’s Skate Zone.
• Healthcare users in the immediate area include Virtua Primary Care of Voorhees, Jefferson Health Voorhees Primary Care, CHOP Specialty Care & Surgery Center of Voorhees, Penn Family Medicine of Voorhees, The Maro Group (Internal Medicine), Trabecular Medical Group, LLC (Cooper Health), Advocare South Jersey Orthopedic Associates, Patient First, Consensus Health Primary Care of Voorhees, and Optum Primary Care of Voorhees.

Data Room Click Here to Access

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
9,308 SF
Building Class
B
Year Built
1997
Price
£2,524,800
Price Per SF
£271
Net Initial Yield
6.07%
NOI
£153,192
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,000 SF
Building FAR
0.24
Land Acres
0.88 AC
Zoning
O1,Voorhees Twp
Parking
45 Spaces (4.5 Spaces per 1,000 SF Leased)

Amenities

  • Atrium
  • Bus Route
  • Security System
  • Signage
  • Kitchen
  • Reception
  • Basement
  • Central Heating
  • Fully Carpeted
  • Natural Light
  • Recessed Lighting
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34-00199-06-00038-01
Land Assessment
£287,117
Improvements Assessment
£178,077
Total Assessment
£465,194
  • Listing ID: 28908735

  • Date on Market: 03/07/2023

  • Last Updated:

  • Address: 709 Haddonfield Berlin Rd, Voorhees, NJ 08043

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