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17 White Horse Pike 1,859 SF Office/Medical Condo Unit Offered at $225,000 in Haddon Heights, NJ 08035
Investment Highlights
- Medical Facility with longterm tenant. Great Cap Rate
Executive Summary
Unit #5 - $75,000 Medical Office Suite in Heights Professional Center. Unit is currently Rented to long term tenant Novacare at $2,540.94 per month thru 12/31/25 for the first year. Five year lease term with incremental rental increase. Unit has open layout with 1 private office as well as a private exam room, bathroom and a laundry/ storage area at the rear of the unit. Novacare is responsible for HOA dues ($157.53 for monthly maintenance & $324.94 monthly assessment) utilities and additional insurance. Landlord pays County Sewer and Real estate taxes. Unit #7 - $225,000 Open layout with plenty of room for a private office! Currently rented by a Real Estate Professionals paying $700 per month on a month to month lease. Tenant is responsible for Utilities and County Sewer. Landlord pays HOA assessment of $148.76 per month (includes base insurance) as well as a monthly maintenance fee of $92.47 as well as RE Taxes. **Please reach out to the listing agent to coordinate showings
Data Room Click Here to Access
- Miscellaneous
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 5 and 7 | 1,859 SF | Office/Medical | $225,000 ($121.03/SF) | - |
Unit 5 and 7
| Unit Size |
| 1,859 SF |
| Condo Use |
| Office/Medical |
| Price |
| $225,000 ($121.03/SF) |
| NOI |
| - |
Unit 5 and 7
| Unit Size | 1,859 SF |
| Condo Use | Office/Medical |
| Price | $225,000 ($121.03/SF) |
| NOI | - |
| Sale Type | Investment |
| Sale Notes | |
| Non-contiguous units.</li></ul> |
Property Facts
| Total Building Size | 26,450 SF | Typical Floor Size | 22,677 SF |
| Property Type | Office (Condo) | Year Built | 1989 |
| Property Subtype | Medical | Lot Size | 1.39 AC |
| Building Class | B | Parking Ratio | 9.03/1,000 SF |
| Floors | 1 | ||
| Zoning | C3 - zoning is for large-scale commercial developments like shopping malls, big-box stores, and large office complexes. | ||
| Total Building Size | 26,450 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 22,677 SF |
| Year Built | 1989 |
| Lot Size | 1.39 AC |
| Parking Ratio | 9.03/1,000 SF |
| Zoning | C3 - zoning is for large-scale commercial developments like shopping malls, big-box stores, and large office complexes. |
Amenities
- Bus Line
- Signage
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| NovaCare Rehabilitation |
-
|
November 2024
|
Presented by
17 White Horse Pike
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