1667 E Landis Ave | Vineland, NJ 08361
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- LoopNet Team
1667 E Landis Ave
Vineland, NJ 08361
Multi-Tenant Medical | 8.25% Cap | $171 PPSF · Office Property For Sale
INVESTMENT HIGHLIGHTS
- RESISTANT HEALTHCARE INVESTMENT- Medical properties are highly sought-after for their security of investment and their resistance.
- DIVERSE TENANT MIX- A future landlord will benefit from the diverse mix, essential tenants in three well maintained buildings.
- STRATEGIC LOCATION- The subject asset sits adjacent to a master planned community currently being entitled for future development
- LEASE TERMS- All four leases are subject to above market annual rental increases and predominantly have NNN reimbursement structures.
- STICKY INVESTMENT- Medical tenants rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving.
- HIGH-TRAFFICKED AND VISIBILITY- Located off S Main St. and E. Landis Ave. which sees combined traffic counts of over 27,000 VPD.
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
24,000 SF
Building Class
B
Year Built/Renovated
1980/2000
Building Height
1 Story
Typical Floor Size
24,000 SF
Building FAR
0.02
Lot Size
27.86 AC
Zoning
IN-2
Parking
320 Spaces (13.33 Spaces per 1,000 SF Leased)
AMENITIES
- Wheelchair Accessible
- Car Charging Station
PROPERTY TAXES
| Parcel Number | 14-04301-0000-00001 | Improvements Assessment | $887,800 |
| Land Assessment | $319,100 | Total Assessment | $1,206,900 |
PROPERTY TAXES
Parcel Number
14-04301-0000-00001
Land Assessment
$319,100
Improvements Assessment
$887,800
Total Assessment
$1,206,900
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