709 Haddonfield-Berlin Rd Voorhees Township, NJ 08043

Property Details for 709 Haddonfield-Berlin Rd

Year built

1997

Lot size

0.88 lot acres

Property size

9,308 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

Description

This exceptional Class A, 9,308 square foot medical office building presents a compelling investment opportunity. Located at 709 Haddonfield-Berlin Rd, Voorhees Township, NJ 08043, this two-story building boasts 100% occupancy with two tenants under a 10-year net lease (commencing October 1, 2024, and expiring March 1, 2035), featuring 3% annual rent bumps. The property sits on a 0.88-acre lot and benefits from a prime location directly across from the Acme Market-anchored Eagle Plaza Shopping Center, experiencing high traffic volume (20,000 vehicles daily). The building underwent renovations in 2024 and enjoys convenient access to Camden, NJ, and Philadelphia, PA. The strong demographics include a total population of 215,690 within a 5-mile radius and an average household income of $105,707. Nearby amenities include Target, Starbucks, Wawa, and numerous other retail establishments, along with a concentration of healthcare providers such as Virtua, Jefferson Health, and CHOP. The asking price is $3,200,000, representing a 6.00% cap rate and a price per square foot of $343.79. The property is zoned O-1 and offers lease options. This is a 1031 exchange-eligible property. The building's strong tenant base, favorable lease terms, and strategic location make it an ideal investment for discerning buyers.

Location Insight

City

Voorhees Township

County

Camden

State

New Jersey

Longitude

-74.9799

Latitude

39.8522