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Corporate Headquarters & Operations Site 402-404 Lippincott Dr 53,100 SF 100% Leased Office Building Online Auction Sale Marlton, NJ 08053
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- This property is eligible for a financing contingency. To further discuss the qualifying criteria, please contact Casey Harrell @ 615-330-7592
- Currently subleased to the corp. office of a trusted leader in the collections industry, MRS BPO, LLC, carrying the remaining term through 2029.
- Both the prime lease and sublease agreement run concurrently.
- Amid a 14-year absolute NNN lease with approximately four years remaining with CHA (Consensus Health).
- CHA occupied 50% of the building and MRS BPO occupies 50%.
- Current NNN rent CHA is responsible for is $1,088,550.00 ($20.50/PSF) through 2029, and there is one five-year renewal option.
EXECUTIVE SUMMARY
Legacy Commercial Realty, on behalf of ownership, is offering qualified investors an attractive office property in Evesham, New Jersey. The property is 100% occupied on a 14-year NNN term and has a going-in NOI of $1 million. The two-building property is home to Consensus Health (50%) and subleased to collections industry leader MRS BPO, LLC (50%). The active lease features yearly annual rent increases of nearly 2.5%, which provide a strong hedge against inflation, and has a term through 2029 with one five-year option to renew.
Marlton is an unincorporated community in Evesham Township, New Jersey. It is approximately 7 miles from Cherry Hill, New Jersey, and 14 miles from Downtown Philadelphia, Pennsylvania. Philadelphia is the largest city in Pennsylvania and the fifth-most populous in the United States. Located at the confluence of the Delaware and Schuylkill Rivers, Philadelphia is the economic and cultural anchor of the Delaware Valley, a metropolitan area home to 7.2 million people and the eighth-largest combined statistical area in the country.
Burlington County, part of the Philadelphia-Camden-Wilmington MSA, is forming one of the nation's most economically diverse regions with significant historical importance. This area has successfully evolved from manufacturing into a knowledge economy centered on education, healthcare, life sciences, and professional services while retaining valuable industrial capacity. The employment base is stably diversified across sectors. Education and healthcare represent 23% of employment, while professional and business services account for 17%.
Property tours are available by appointment only. Please contact the broker to schedule.
Marlton is an unincorporated community in Evesham Township, New Jersey. It is approximately 7 miles from Cherry Hill, New Jersey, and 14 miles from Downtown Philadelphia, Pennsylvania. Philadelphia is the largest city in Pennsylvania and the fifth-most populous in the United States. Located at the confluence of the Delaware and Schuylkill Rivers, Philadelphia is the economic and cultural anchor of the Delaware Valley, a metropolitan area home to 7.2 million people and the eighth-largest combined statistical area in the country.
Burlington County, part of the Philadelphia-Camden-Wilmington MSA, is forming one of the nation's most economically diverse regions with significant historical importance. This area has successfully evolved from manufacturing into a knowledge economy centered on education, healthcare, life sciences, and professional services while retaining valuable industrial capacity. The employment base is stably diversified across sectors. Education and healthcare represent 23% of employment, while professional and business services account for 17%.
Property tours are available by appointment only. Please contact the broker to schedule.
MATTERPORT 3D TOUR
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Financing Contingency
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
53,100 SF
Building Class
B
Year Built
1997
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
53,100 SF
Building FAR
0.23
Lot Size
5.30 AC
Parcel Number
13-00024-23-00002-02
Zoning
C-1
Parking
233 Spaces (4.39 Spaces per 1,000 SF Leased)
AMENITIES
- Conferencing Facility
- Courtyard
- Air Conditioning
- Smoke Detector
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
2024 Population
8,724
69,096
163,679
2020 Population
8,685
68,830
162,813
2029 Population
8,829
69,810
165,196
2024-2029 Projected Population Growth
1.2%
1.0%
0.9%
Daytime Employees
9,606
45,191
110,466
Total Businesses
1,232
6,761
13,855
Average Household Income
$134,456
$145,147
$141,061
Median Household Income
$113,276
$122,014
$115,736
Total Consumer Spending
$132.3M
$1.1B
$2.5B
Median Age
45.7
43.6
43.7
2024 Households
3,460
26,504
63,769
Percent College Degree or Above
29%
30%
30%
Average Home Value
$347,307
$382,822
$384,363
ABOUT THE SELLER
Read More
SALE ADVISORS
SALE ADVISORS
Logan Gurtman, Vice President, Investment Sales
Logan has been involved in and brokering transactions in the office and retail sectors since 2012. His experience with Monmouth County landlords and tenants makes him an ideal office/retail leasing representative for our clients. His experience, dedication, and hard work make him an valued addition to the Legacy Team.
Seth Katz, Broker of Record
Seth's commercial real estate career started in 2004. As a full-service broker, Seth has been actively involved in every sector of Commercial Real Estate. Born and raised in Monmouth County, NJ, Seth is quite familiar with the land development and municipal approval processes in the counties that encompass Central New Jersey. His real estate approach is “hands-on,” and he works tirelessly to satisfy the needs of all Legacy Commercial Realty’s clients and customers. His philosophy of “think client first” has yielded positive results and trust throughout his business career.
ABOUT THE AUCTION TECHNOLOGY
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
AUCTION CONTACT
Casey Harrell
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Corporate Headquarters & Operations Site | 402-404 Lippincott Dr
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