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Glen Oaks Professional Building 1405 Chews Landing Rd 20,000 SF Office Building Laurel Springs, NJ 08021 $2,100,000 ($105/SF)



Investment Highlights
- Well maintained +/- 20,000 SF office building nearly 100% occupied.
- Tenant mix consists of counseling services and traditional office and medical users, with a range of suite sizes supporting a diversified rent roll.
- Located within a dense residential trade area, the property continues to support service-oriented office tenancy.
- Tenant mix consists of counseling services and traditional office and medical users, with a range of suite sizes supporting a diversified rent roll.
- The building is in excellent physical condition, minimizing near-term capital expenditures.
Executive Summary
1405 Chews Landing Road presents an opportunity to acquire a multi-tenant office asset in Laurel Springs, New Jersey. The approximately 20,000-square-foot building is reported as nearly 100% occupied and benefits from a diversified tenant roster that includes counseling services, traditional office users, and medical-related occupants. The varied tenant mix supports multiple revenue sources while reducing reliance on a single occupant category.
Positioned within Camden County, the property offers convenient access to major regional transportation corridors serving South Jersey and the greater Philadelphia metropolitan area. Laurel Springs is located within an established suburban market characterized by surrounding residential neighborhoods and service-oriented commercial activity that supports ongoing demand for professional, healthcare, and office users. The property's location provides accessibility for both tenants and visitors while maintaining proximity to one of the largest employment centers in the region.
The building is described as being in strong physical condition, which may reduce near-term capital expenditure requirements for future ownership. Monument signage enhances visibility, and the site includes approximately 89 parking spaces to support tenant and visitor parking needs. The property's OR (Office Residential) zoning designation supports its existing office use and occupancy profile.
With stable occupancy, a diversified rent roll, and positioning within an established South Jersey office market, the asset offers investors the opportunity to acquire an income-producing property with existing tenancy and potential operational upside through future income optimization initiatives and expense management.
Positioned within Camden County, the property offers convenient access to major regional transportation corridors serving South Jersey and the greater Philadelphia metropolitan area. Laurel Springs is located within an established suburban market characterized by surrounding residential neighborhoods and service-oriented commercial activity that supports ongoing demand for professional, healthcare, and office users. The property's location provides accessibility for both tenants and visitors while maintaining proximity to one of the largest employment centers in the region.
The building is described as being in strong physical condition, which may reduce near-term capital expenditure requirements for future ownership. Monument signage enhances visibility, and the site includes approximately 89 parking spaces to support tenant and visitor parking needs. The property's OR (Office Residential) zoning designation supports its existing office use and occupancy profile.
With stable occupancy, a diversified rent roll, and positioning within an established South Jersey office market, the asset offers investors the opportunity to acquire an income-producing property with existing tenancy and potential operational upside through future income optimization initiatives and expense management.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
20,000 SF
Building Class
B
Year Built/Renovated
1973/2000
Price
$2,100,000
Price Per SF
$105
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,000 SF
Building FAR
0.21
Lot Size
2.15 AC
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Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 15-09708-0000-00004 | Improvements Assessment | $478,000 |
| Land Assessment | $357,000 | Total Assessment | $835,000 |
Property Taxes
Parcel Number
15-09708-0000-00004
Land Assessment
$357,000
Improvements Assessment
$478,000
Total Assessment
$835,000
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