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Building A 1765 Springdale Rd 5,000 SF 100% Leased Office Building Cherry Hill, NJ 08003 $1,800,000 ($360/SF) 5.04% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term medical tenant since 1994 - NovaCare
- Tenant upgraded and renovated their space in the past 4 years
- New roof and upgraded heating, air conditioning and lighting
- Prominent location on Springdale Road off Route 70.
EXECUTIVE SUMMARY
Prime medical leased property with original tenant (NovaCare) in place. Prominent location on Springdale Road off Route 70.
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,000 SF
Building Class
B
Year Built/Renovated
1994/2019
Price
$1,800,000
Price Per SF
$360
Cap Rate
5.04%
NOI
$90,635
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.05
Lot Size
2.38 AC
Zoning
Office - Permitted existing use
Parking
87 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Energy Performance Rating - A
- Central Heating
- Monument Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 09-00472-01-00002-0000-C0001 | Improvements Assessment | $246,200 (2025) |
| Land Assessment | $62,400 (2025) | Total Assessment | $308,600 (2025) |
PROPERTY TAXES
Parcel Number
09-00472-01-00002-0000-C0001
Land Assessment
$62,400 (2025)
Improvements Assessment
$246,200 (2025)
Total Assessment
$308,600 (2025)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Building A | 1765 Springdale Rd
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