Vineland Medical Office Investment
1076 E Chestnut Ave Vineland, NJ
1076 E Chestnut Ave, Vineland, NJ, 00000
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For Sale
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14,500 SF medical office 100% leased to Penn Cardiology.
Property Size14,774 SF
Lot Size1.22 Acres
Price / SF$271
Days on Market352
Property Features for 1076 E Chestnut Ave
General Information
- Standard status
- Active
- Size
- 14,774 SF
- Lot size
- 1.22 Acres
- Property subtype
- OFFICE
Listing Agency
Avison Young | Philadelphia
(215) 384-6040
Listed by
Adam Gillespie
(215) 384-6040
Source
Moodyscre
Added: Aug 4, 2025 Updated: Jul 6 at 9:57 am Checked: Jul 19 at 5:18 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avison Young | Philadelphia
Investment Insights
Based on property information with market context.
The property located at 1076 E. Chestnut Avenue in Vineland, NJ, is a 14,500 square foot medical office building situated on 1.21 acres. The building is 100% leased to Penn Cardiology through June 2032, at a rental rate of $19.50 per square foot NNN, which is considered below market. Penn Cardiology has been a tenant in the building since 2007 and recently renewed their lease for an additional eight years. The property is located in a medical corridor with high visibility and traffic counts exceeding 15,000 vehicles per day. The surrounding area includes pediatric, obstetric, and endodontic practices, serving a population of over 126,000 within a 10-mile radius.
Key Highlights
- 100% leased to Penn Cardiology, a stable tenant, through June 2032
- Long‑term tenant: Penn Cardiology has occupied the building since 2007
- Located in a high‑visibility medical corridor with over 15,000 vehicles per day
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $372.3k | $25.20 |
| − Vacancy | −$46.5k | −$3.15 |
| EGI | $325.8k | $22.05 |
| − OpEx | −$130.3k | −$8.82 |
| NOI | $195.5k | $13.23 |
14,774 SF · lease $25.20/SF/yr · vacancy 12.50% · expense 40.00%
Alternative Uses
Best Use
Office B
$18.03M
$15.78M – $21.04M
NOI $1,262,113 @ 7.0% cap · market cap 31.52%
Second Best
Healthcare Medical
$2.79M
$2.44M – $3.26M
NOI $195,460 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$22.18M
$19.41M – $25.88M
NOI $1,552,830 @ 7.0% cap · market cap 38.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Christopher J. Sipala, ...
Physician
Charles T. Leng, ...
Physician
Penn Cardiology Vineland
Physician
Jiten Rana, MD
Physician
Joshua Liez, MD
Physician
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FAQs
What type of property is this?
Medical Office Space - 14,500 SF medical office 100% leased to Penn Cardiology.
Where is this medical office space located?
The property is located at 1076 E Chestnut Ave Vineland, NJ.
What is the asking price?
The asking price for this property is $4,003,754.
What are key features of this property?
This property features: 100% leased to Penn Cardiology, a stable tenant, through June 2032; Long‑term tenant: Penn Cardiology has occupied the building since 2007; Located in a high‑visibility medical corridor with over 15,000 vehicles per day
