Building Details

Building Size 14,700 SF

Year Built 2008

Tenancy Multi

Listing Agency: Weichert Realtors-Medford

Listed By: Suzanne Burns · License #1325478 Show Phone

Source: Desantis-realestate

Added: Oct 17 Changed: Oct 27 Last Checked: Oct 27 at 3:25AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 14,700-square-foot flex property contains seven industrial units and was built in 2008. The office portions have heating and air conditioning, while the warehouse areas are heated but do not have air conditioning. All seven units are currently leased.

The Hainesport property is accessible from Route 38, I-295, and the New Jersey Turnpike, connecting it with South Jersey and the greater Philadelphia region.

Key Highlights

• Seven industrial units, all currently leased
• 14,700 square feet of flex space
• Built in 2008

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$189,877

Cap Rate

8.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,797,540 $3.8M

Cap Rate 7%

$2,712,529 $2.7M

Cap Rate 9%

$2,109,744 $2.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 14,700 SF

Gross rent

$317.5K $21.60/SF

− Vacancy

−$25.4K −$1.73/SF

EGI

$292.1K $19.87/SF

− OpEx

−$102.2K −$6.96/SF

NOI

$189.9K $12.92/SF

Area

Burlington County, NJ

Vacancy

8.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,797,540

Cap Rate 7%

$2,712,529

Cap Rate 9%

$2,109,744

Alternative Uses

Best Use

Warehouse

$30.74M

$26.90M – $35.87M (±1% cap)

NOI $2,152,134 @ 7.0% cap · market cap 97.82%

Second Best

Industrial

$25.32M

$22.15M – $29.54M (±1% cap)

NOI $1,772,345 @ 7.0% cap · market cap 80.56%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

BEST BEAR BUNCH (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Pharmacy Auto Parts Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

446

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 08036, NJ

6,021

Population

2,601

Households

2.3

Avg Household Size

47

Median Age

47%

College-Educated

96%

High-School Grad

6.4 sq mi

ZIP Area

941

Density / Sq Mi

$137,610

Median Household Income

$66,396

Median Earnings

$1,453

Median Rent

$397,800

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar Off Market Nearby

• The Pasta Truck — 2901 Marne Hwy, Mt Laurel Township, NJ 08054
• Cesily's Love Meals — 2901 marne hwy, mt laurel township, nj 08054
• Cesily's Love Meals LLC — 2901 Marne Hwy, Mt Laurel Township, NJ 08054
• C&J Food Services — 2901 Marne Hwy, Mt Laurel Township, NJ 08054

Frequently Asked Questions

What type of property is this?

Flex space - Currently leased units pair office areas with heating and air conditioning and heated warehouse areas.

Where is this flex space located?

The property is located at 4400 SYLON BOULEVARD Unit 4401-4407 Hainesport, NJ.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Seven industrial units, all currently leased; 14,700 square feet of flex space; Built in 2008