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Concorde Professional Building 390 N Broadway 28,162 SF 64% Leased Office Building Pennsville, NJ 08070 For Sale
Investment Highlights
- Anchored by Cooper Health Systems and LabCorp.
- Limited competing inventory in the immediate market.
- Clear value-add potential through remaining lease-up.
- Strategic tri-state location with direct highway access.
- Strong healthcare tenancy ensures income stability.
Executive Summary
Concord Professional Building presents a rare investment opportunity in Pennsville, NJ, strategically positioned for regional connectivity and long-term growth. This two-story, ±28,162 SF medical and professional office property is currently 64% leased to six tenants, anchored by Cooper Health Systems and LabCorp—two highly reputable healthcare providers that deliver creditworthy stability. The remaining vacancy offers investors a clear path to value creation through lease-up in a market with limited competing inventory.
The property’s location is a major advantage, providing seamless access to I-295, the NJ Turnpike, and the Delaware Memorial Bridge, ensuring efficient connectivity to South Jersey, Philadelphia, and Delaware. This tri-state accessibility enhances tenant appeal and positions the building as a hub for healthcare and professional services. With strong regional demographics and proximity to major transportation corridors, Concord Professional Building is ideally suited for investors seeking a reliable income stream with upside potential.
Wolf Commercial Real Estate (WCRE), a CORFAC International affiliate, exclusively represents this offering. For investors focused on stability, growth, and strategic positioning, this asset delivers a compelling blend of credit tenancy and market scarcity—making it a standout opportunity in today’s healthcare-driven real estate landscape.
The property’s location is a major advantage, providing seamless access to I-295, the NJ Turnpike, and the Delaware Memorial Bridge, ensuring efficient connectivity to South Jersey, Philadelphia, and Delaware. This tri-state accessibility enhances tenant appeal and positions the building as a hub for healthcare and professional services. With strong regional demographics and proximity to major transportation corridors, Concord Professional Building is ideally suited for investors seeking a reliable income stream with upside potential.
Wolf Commercial Real Estate (WCRE), a CORFAC International affiliate, exclusively represents this offering. For investors focused on stability, growth, and strategic positioning, this asset delivers a compelling blend of credit tenancy and market scarcity—making it a standout opportunity in today’s healthcare-driven real estate landscape.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
28,162 SF
Building Class
C
Year Built
1984
Percent Leased
64%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,081 SF
Building FAR
0.14
Lot Size
4.72 AC
Zoning
040
Parking
225 Spaces (7.99 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 09-00501-0000-00002 | Improvements Assessment | $1,348,300 |
| Land Assessment | $651,700 | Total Assessment | $2,000,000 |
Property Taxes
Parcel Number
09-00501-0000-00002
Land Assessment
$651,700
Improvements Assessment
$1,348,300
Total Assessment
$2,000,000
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Concorde Professional Building | 390 N Broadway
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