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102 Browning Rd Portfolio 3 Office Properties Offered at $2,700,000 in Cherry Hill, NJ

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INVESTMENT HIGHLIGHTS

  • Convenient to all major traffic arteries.
  • Conveniently located with easy access to major roadways, including Route 70 and Route 38.
  • Prominent storefront and signage opportunities allow for maximum exposure and brand visibility.
  • Situated on Browning Rd in Cherry Hill, NJ, this property enjoys excellent visibility and accessibility.
  • This property benefits from a thriving local economy and is well-positioned to take advantage of ongoing development in the area.
  • Includes a generous parking lot with plenty of spaces for customers and employees.

EXECUTIVE SUMMARY

This Cherry Hill office portfolio presents a rare opportunity to acquire three well-maintained, single-story office buildings totaling approximately 65,596 square feet on nearly 3 acres. The portfolio is 98% leased, offering immediate income stability and long-term upside in one of South Jersey’s most desirable business corridors. Two of the buildings feature finished basements, providing additional functional space for tenants.
Strategically located along Browning Road, the property offers excellent visibility and convenient access to major highways, including Route 70, Route 38, and Interstate 295. Recent capital improvements include a fully repaved parking lot and replacement of 95% of the roofs, reducing near-term maintenance costs for investors. Ample on-site parking supports a diverse tenant mix, while prominent signage opportunities enhance tenant branding.
Cherry Hill is a thriving suburban market with strong demographics, a robust local economy, and proximity to Philadelphia, just 15 minutes away. The area benefits from a dense residential base, established retail corridors, and convenient access to PATCO Speedline and regional transit. This portfolio is well-positioned to deliver consistent cash flow and long-term appreciation in a high-demand office submarket.

PROPERTY FACTS

Price $2,700,000
Price / SF $41.16 / SF
Cap Rate 5.93%
Sale Type Investment
Status Active
Number of Properties 3
Individually For Sale 0
Total Building Size 65,596 SF
Total Land Area 2.95 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
Building B
102 Browning Rd, Cherry Hill, NJ 08003
Office 28,700 SF 1991 -
Building C
102 Browning Ln, Cherry Hill, NJ 08003
Office 28,354 SF 1986 -
Building A
102 Browning Rd, Cherry Hill, NJ 08003
Office 8,542 SF 1962 -
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  • Listing ID: 27499836

  • Date on Market: 11/18/2022

  • Last Updated:

  • Address: 102 Browning Rd Portfolio, Cherry Hill, NJ

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