$2,325,000
$2,500,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
1103 W Sherman Ave Vineland, NJ 08360
2.01 Acres Lot
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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