107 Haddonfield-Berlin Rd Cherry Hill, NJ 08034
- Office Properties & Spaces
- 4,372 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 107 Haddonfield-Berlin Rd
- Property size
- 4,372 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional Class A, two-story medical office building in Cherry Hill, New Jersey, presents a compelling investment opportunity. Located at 107 Haddonfield-Berlin Rd, 08034, this freestanding building boasts 4,372 square feet and offers high visibility due to its highway frontage. Currently 100% occupied by a single tenant under a Net Lease (NNN) agreement, the property provides a stable income stream with a 7.62% cap rate and a strong NOI of $72,000. The lease, commencing January 14, 2024, and expiring January 13, 2029, includes a remaining term of approximately 4.2 years, with a built-in 3% annual rent increase. The tenant holds one 5-year renewal option. The building features 27 parking spaces, ensuring ample convenience for patients and staff. The asking price is $945,000, translating to $216.15 per square foot. This represents a rare chance to acquire a well-located, high-performing medical office building with a secure, long-term lease in a thriving market. The property's strong financials and desirable location make it an ideal addition to any investment portfolio.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cherry Hill
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0216
- Latitude
- 39.8924
