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1103 W SHERMAN AVE Vineland, NJ 08360
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Key Details
Sold Price $2,325,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $232
MLS Listing ID NJCB2009972
Sold Date 01/23/24
Originating Board BRIGHT
Year Built 2010
Annual Tax Amount $10,250
Tax Year 2022
Lot Size 10.080 Acres
Acres 10.08
Lot Dimensions 0.00 x 0.00
Property Description
This is a 3-unit medical office building (Building #2) in a centrally located professional campus and within a 2 minute ride to Inspira MedicalCenter and Rt 55. It offers 10,000+/-SF, and currently fully occupied with long term tenants, and fetching approximately $16,000/month in rent, all NNN. Each unit is large and aptly appointed for medical practices to conduct business. Building is in excellent condition and parking is more than ample. Some details about the three units included in the sale:
Unit 2A: Currently owner occupied and (they are looking to stay) paying $6k/month rent with no lease. There is a large waiting room with reception/front office area, 4 exam rooms, an office, file room, large lab room, bathroom, employee room, kitchen, utility room with closet and storage space.
Unit 2B: Tenant is currently in their 6th year of a 10-year lease paying $5,489 monthly. This unit has 6 exam rooms, 2 operating rooms, a lab, reception area, dining room and 4 baths.
Unit 2C: Currently renting $4,830/month on a year-to-year lease. There are 5 examination rooms, a manager’s room, nutritionist room, 2 doctors’ offices, 3baths - one with shower, also a billing room and kitchen.
We invite you to tour this great location and see for yourself what a fantastic investment opportunity it is.
Location
State NJ
County Cumberland
Area Vineland City (20614)
Zoning NA
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Carpet, Vinyl
Heat Source Natural Gas
Exterior
Garage Spaces 100.0
Waterfront N
Water Access N
Roof Type Asphalt,Pitched
Accessibility 32\"+ wide Doors, 36\"+ wide Halls, Level Entry - Main, No Stairs
Parking Type Parking Lot
Total Parking Spaces 100
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District City Of Vineland Board Of Education
Others
Tax ID 14-07001-00702-C2A
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Non Member • Non Subscribing Office