Log In/Sign Up
Your email has been sent.
600 W Cuthbert Blvd 79,937 SF 100% Leased Office Building Westmont, NJ 08108 $12,000,000 ($150.12/SF) 25% Cap Rate
INVESTMENT HIGHLIGHTS
- Phenomenal Value-Add Mixed Use Opportunity
- Hard-Corner Location Positioned On a Large Retail Corridor
- Less Than 8 Miles Outside of Center City Philadelphia
- Median Household Income of $105,327 with over 780,000 people in a 7- Mile Radius
EXECUTIVE SUMMARY
MULTIFAMILY APARTMENT COMPLEX REDEVELOPMENT OPPORTUNITY!
Opportunity to redevelop as 160-240 units multifamily aprtment building at 600 W. Cuthbert Blvd, Westmont, NJ 08108.
Located just outside of Cherry Hill and less than 8 miles from Center City Philadelphia, the subject property is positioned at a fantastic hard corner of W. Cuthbert & MacArthur Blvd. with incredible curb appeal. The property is perfectly positioned for a redevelopment conversion acquisition or partnership.
Sitting on a 2.90 - acre parcel, the building includes a massive parking lot with 172 free surface spaces.
The property is situated on one of the most densely populated retail corridors in the area which allows the building to see over 30,000 vehicles per day. The demographics in this submarket are quite strong with an average household income of over $105,327 in a one (1) - mile radius and a population of over 780,000 people within a seven (7) mile radius.
Call For More Details!
Opportunity to redevelop as 160-240 units multifamily aprtment building at 600 W. Cuthbert Blvd, Westmont, NJ 08108.
Located just outside of Cherry Hill and less than 8 miles from Center City Philadelphia, the subject property is positioned at a fantastic hard corner of W. Cuthbert & MacArthur Blvd. with incredible curb appeal. The property is perfectly positioned for a redevelopment conversion acquisition or partnership.
Sitting on a 2.90 - acre parcel, the building includes a massive parking lot with 172 free surface spaces.
The property is situated on one of the most densely populated retail corridors in the area which allows the building to see over 30,000 vehicles per day. The demographics in this submarket are quite strong with an average household income of over $105,327 in a one (1) - mile radius and a population of over 780,000 people within a seven (7) mile radius.
Call For More Details!
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
79,937 SF
Building Class
B
Year Built
1965
Price
$12,000,000
Price Per SF
$150.12
Cap Rate
25%
NOI
$3,000,000
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
12,656 SF
Slab To Slab
10’
Building FAR
0.63
Lot Size
2.90 AC
Zoning
commercial
Parking
225 Spaces (2.96 Spaces per 1,000 SF Leased)
AMENITIES
- Banking
- Bus Line
- Controlled Access
- Signage
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 16-00013-03-00003 | Improvements Assessment | $2,140,800 |
| Land Assessment | $2,475,000 | Total Assessment | $4,615,800 |
PROPERTY TAXES
Parcel Number
16-00013-03-00003
Land Assessment
$2,475,000
Improvements Assessment
$2,140,800
Total Assessment
$4,615,800
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
600 Cutbert LLC
600 W Cuthbert Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.