Medical & Professional Office
520 Stokes Rd Medford, NJ 08055
520 Stokes Rd, Medford, NJ, 08055
Contact for pricing
For Sale
Contact for pricing
Pending
Medical and professional office complex with multiple suites and 82% occupancy across 25 tenants.
Property Size24,947 SF
Days on Market103
Property Features for 520 Stokes Rd
General Information
- Standard status
- Pending
- Size
- 24,947 SF
- Property subtype
- Office
Listing agency
Graystone Capital Advisors
Listed by
Lawrence Gariano · License #NJ 0790741
Source
Crexi
Added: Apr 10 Updated: Jul 20 at 5:29PM Checked: Jul 20 at 5:29PM
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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
Location Intelligence
Current Use by Public Records
Suburban Family Dental
Dental Office
Nagle Kim DC
Alternative Medicine Practice
O'Hea Office
Alternative Medicine Practice
New Jersey Branding ...
Marketing & Advertising
Duca, Peter DMD
Dental Office
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FAQs
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
