215 E Laurel Rd 7,500 SF Office Building Stratford, NJ 08084 $1,125,000 ($150/SF) 9.20% Cap Rate

7,500 sq. ft. medical office building located on a 0.41-acre lot. Close to Jefferson Hospital and Rowan University School of Osteopathic Medicine. Minutes from Lindenwold Train station. Just off Rt 30 (S. White Horse Pike).
The building has 8 offices, three on the first floor, three on the second floor and 2 in the basement. Additionally there are large connected basement storage areas with 2 of the first-floor offices.
The first floor has a large common waiting area with double height ceiling, and an ADA-compliant bathroom. There is an ADA-compliant elevator. 26 parking spaces in total, located at the front and rear of the building.
Currently, 7 of the 8 offices are occupied. All rents are current.
Excellent opportunity for an owner-user who can lease the 1 currently vacant office, and collect rent from the other 7, thereby effectively making their office free.
Alternatively, an investor can buy a stable cash-flow generating asset with long-term tenants in a building that requires very little day-to-day management.
Suite 101 has recently been completely renovated with new flooring and painting, and is awaiting it's new tenant. The listing for rent is available on loopnet.