Vineland, NJ 08360,1103 W Sherman Ave
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Vineland, NJ 08360,1103 W Sherman Ave
Vineland, NJ 08360,1103 W Sherman Ave
Vineland, NJ 08360,1103 W Sherman Ave
Vineland, NJ 08360,1103 W Sherman Ave

$2,325,000

Est. payment /mo

$2,500,000

7.0%
Est.Price: ?

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1103 W Sherman Ave Vineland, NJ 08360

2.01 Acres Lot

SOLD DATE : 01/23/2024

Key Details

Sold Price $2,325,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 566595

Sold Date 01/23/24

Style Off./Prof. Condo

Year Built 2010

Annual Tax Amount $10,063

Tax Year 2021

Lot Size 2.010 Acres

Property Description

This is a 3-unit medical office building (Building #2) in a centrally located professional campus and within a 2 minute ride to Inspira MedicalCenter and Rt 55. It offers 10,000+/-SF, and currently fully occupied with long term tenants, and fetching approximately $16,319/month in rent, all NNN. Each unit is large and aptly appointed for medical practices to conduct business. Building is in excellent condition and parking is more than ample. Some details about the three units included in the sale: Unit 2A: Currently owner occupied and (they are looking to stay) paying $6k/month rent with no lease. There is a large waiting room with reception/front office area, 4 exam rooms, an office, file room, large lab room, bathroom, employee room, kitchen, utility room with closet and storage space. Unit 2B: Tenant is currently in their 6th year of a 10-year lease paying $5,489 monthly. This unit has 6 exam rooms, 2 operating rooms, a lab, reception area, dining room and 4 baths. Unit 2C: Currently renting $4,830/month on a year-to-year lease. There are 5 examination rooms, a manager’s room, nutritionist room, 2 doctors’ offices, 3baths - one with shower, also a billing room and kitchen. We invite you to tour this great location and see for yourself what a fantastic investment opportunity it is.

Location

State NJ

County Cumberland

Community Vineland

Area Vineland City

Location Details Commercial Park

Interior

Interior Features 220 Volt Electricity, Fire Sprinkler System, Restroom, Security System, Smoke/Fire Alarm, Storage

Heating Forced Air, Gas-Natural

Flooring Carpet-Wall to Wall, Linoleum/Vinyl

Exterior

Garage 11 or More Spaces, Other (See Remarks), Paved

Roof Type Asphalt,Pitched

Building

Sewer Public Sewer

Water Public

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South Jersey Shore Regional MLS (SJSRMLS)
Listed by eXp Realty - Montclair

John Starrett

Agent | License ID: 2188525

+1(609) 437-4321

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