1133 E Chestnut Ave - Medical FOR SALE


Vineland, NJ 08360- Vineland/Millville
$2,880,000 USD
732-856-4349
1133 E Chestnut Ave, Vineland, NJ for Sale
$2,880,000 USD
Medical - FOR SALE
1/9
null | 9.51% Cap Rate

1133 E Chestnut Ave
Vineland, NJ 08360
Vineland/Millville


HIGHLIGHTS

  • Attractive Pricing – Offered at $207 PSF, significantly below the national average for ASCs. Current ASC rent at $25.25 NN is well below market.
  • Long-Term Stability – Pulse Vascular recently acquired the long-standing ASC practice and assumed a NN lease through Aug 2028
  • Essential Facility for Tenant – Pulse Vascular conducts all procedures at this center, which provides the full OR and anesthetic capabilities.
  • CON State Advantage – Limited surgical competition supports tenant performance and long-term demand.
  • Well-Maintained Asset – New roof on ASC

OVERVIEW

Zeustra Healthcare Real Estate Advisors is pleased to present 1133 E Chestnut Avenue, a rare two-building medical office and surgery center portfolio in Vineland, NJ. The 13,900 SF property is 100% leased to three established medical tenants, anchored by Pulse Vascular—a fully accredited ambulatory surgery center. Pulse Vascular recently acquired the long-standing ASC practice and assumed a NN lease through August 2028, offering minimal landlord responsibilities and ensuring long-term income stability. With a 9.5% cap rate, ASC rent well below market at $25.25 NN, and pricing significantly under replacement cost, the property offers immediate stable cash flow and substantial value-add potential. Situated in a prime medical corridor just minutes from Inspira Medical Center Vineland, and located in a CON-protected state with limited surgical competition, this investment is positioned for both near-term upside and long-term growth.

FOR SALE DETAILS

PRICE

$2,880,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

9.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Jersey Surgery Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,610 SF

ZONING

-

APN/PARCEL ID

14-05007-0000-00009

ASK ABOUT THIS PROPERTY

Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

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Ryan LupoZeustra Real Estate Investment ServicesMore Info
732-856-4349

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.