206-208 White Horse Pike Barrington, NJ 08007
For Sale
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This exceptional value-add investment opportunity presents two office buildings totaling 34,737 square feet situated on a 3.2-acre lot in Barrington, New Jersey. The property, known as Barrington Commons, features 22 units across two, two-story buildings, constructed in 1965. Currently boasting a 90% occupancy rate, the complex generates a strong net operating income (NOI) of $286,642, resulting in an attractive 9.25% capitalization rate. The 6,500 square feet of net rentable space is comprised of a diverse mix of small and medium-sized professional office and medical spaces, many occupied by long-term tenants. Strategically located off Exit 29 of Route 295, Barrington Commons offers convenient access to Philadelphia and the New Jersey Turnpike, providing excellent visibility and accessibility. The property's substantial lot size (141,135 square feet) presents significant potential for future development or expansion, making it an ideal investment for those seeking strong returns and growth opportunities in a prime Camden County location. The asking price for this Class C property is $3,100,000. This is a rare opportunity to acquire a well-positioned multi-tenant office complex with considerable upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.