457 Haddonfield Rd, Cherry Hill, NJ 08002
- Commercial real estate
- 5.07 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 457 Haddonfield Rd
- Year built
- 1990
- Construction
- CONCRETE BLOCKS
- Lot size
- 5.07 lot acres
- Zone code
- B4
- Property type
- Commercial real estate
- APN
- 09 00176- 01-00001
- APU
- 9001760100001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Feb 5, 2025 | — | Baruch Cherry Hill LLC | Baruch Cherry Hill LLC | Deed · related | — |
| Sep 27, 2016 | — | Baruch Cherry Hill LLC | Baruch Cherry Hill LLC | Quit Claim Deed · related | — |
| Feb 29, 2016 | — | Baruch Cherry Hill INC | Brandywine Realty Trust | Grant Deed · related | — |
| Jan 21, 2015 | $17,000,000 | Baruch Cherry Hill LLC | Brandywine Realty Trust | Grant Deed | — |
| Dec 29, 1993 | $9,000,000 | Um Real Estate Investment Corp | Unknown | Grant Deed | — |
Description
This exceptional investment opportunity presents the LibertyView Office Tower, a seven-story, 121,694-square-foot traditional office building situated at 457 Haddonfield Road in Cherry Hill, New Jersey. Boasting a strong 89% occupancy rate with 19 tenants, primarily law firms, financial services, and medical practices, this property generates a substantial net operating income (NOI) of $1,719,446, yielding a compelling 10.36% cap rate. Built in 1990, the building sits on a 5.1-acre lot and offers ample parking with 330 spaces. Its prime location at the intersection of Haddonfield Road and Route 38 provides excellent visibility and accessibility, with over 38,000 cars daily on Haddonfield Road and over 58,000 on Route 38. The property benefits from its proximity to major retail destinations, including the Cherry Hill Mall and national retailers like Target, Kohl's, and Hobby Lobby. Furthermore, its location offers convenient access to Center City Philadelphia, just 7 miles away. The building features four points of ingress/egress, enhancing traffic flow. Most tenants have annual rent increases built into their leases, providing further potential for income growth. The surrounding area boasts strong demographics, with over 304,000 people within a 5-mile radius and an average household income exceeding $104,000 within a 1-mile radius. There is also approximately 14,693 square feet of vacant space presenting a leasing upside. The asking price for this exceptional property is $16,600,000. A separate Republic Bank pad site is also available.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $15,840,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cherry Hill
- County
- Camden
- State
- New Jersey
- Longitude
- -75.0313
- Latitude
- 39.9364
- CBSA code
- 37980
- CBSA name
- PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
