Medical & Professional Office
For Sale
Contact for pricing
Pending
520 Stokes Rd, Medford, NJ 08055
Medical and professional office complex with multiple suites and 82% occupancy across 25 tenants.
Property Size24,947 SF
Days on Market122
Property Features for 520 Stokes Rd
General Information
Standard status
Pending
Size
24,947 SF
Property subtype
Office
Occupancy
82%
Additional Details
Cap Rate
9.57%
Road Access
Yes
Office Units
25
Building Details
Tenancy
Multi
Listing Agency:
Graystone Capital Advisors
Listed By:
Lawrence Gariano · License #NJ 0790741
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Aug 8 at 5:15AM
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 Graystone Capital Advisors
Investment Insights
Based on property information with market context.
The Ironstone Medical & Professional Building is a 24,947-square-foot medical and professional office complex offering a diversified in-place tenant base. The property is currently 82% occupied with 25 tenants, each governed by a combination of base-year and gross lease arrangements. The building’s leasing and configuration are described as supporting strong tenant retention, including many tenants that have occupied the property for 10 years or more.
The property is located at 520 Stokes Road in Medford, New Jersey, about 20 miles east of Philadelphia. It is adjacent to a large neighborhood retail, lifestyle, and professional complex and is accessed via five points of entry along Stokes Road, identified as a primary retail corridor. CVS and PNC Bank are noted as the most proximate neighboring uses, and they share access from Stokes Road.
As marketed, the property is projected to generate a 2019 net operating income of $210,502, based on the in-place contractual income. The offering also notes upside opportunities through leasing of currently vacant suites and increasing tenant reimbursements.
The property is located at 520 Stokes Road in Medford, New Jersey, about 20 miles east of Philadelphia. It is adjacent to a large neighborhood retail, lifestyle, and professional complex and is accessed via five points of entry along Stokes Road, identified as a primary retail corridor. CVS and PNC Bank are noted as the most proximate neighboring uses, and they share access from Stokes Road.
As marketed, the property is projected to generate a 2019 net operating income of $210,502, based on the in-place contractual income. The offering also notes upside opportunities through leasing of currently vacant suites and increasing tenant reimbursements.
Key Highlights
- 24,947 SF medical and professional office complex at 520 Stokes Road, Medford, NJ
- 82% occupancy with a diversified rent roll of 25 tenants using Base Year and Gross leases
- Projected 2019 net operating income (NOI) of $210,502
Property Analytics
Current Use
Lease Details
25
Office units
82%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 08055, NJ
28,806
Population
11,103
Households
2.6
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
40.0 sq mi
ZIP Area
720
Density / Sq Mi
$158,487
Median Household Income
$77,304
Median Earnings
$1,502
Median Rent
$456,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical and professional office complex with multiple suites and 82% occupancy across 25 tenants.
Where is this medical office space located?
The property is located at 520 Stokes Rd Medford, NJ.
What are key features of this property?
This property features: 24,947 SF medical and professional office complex at 520 Stokes Road, Medford, NJ; 82% occupancy with a diversified rent roll of 25 tenants using Base Year and Gross leases; Projected 2019 net operating income (NOI) of $210,502
