1206 W Sherman Ave - Medical FOR SALE


Vineland, NJ 08360- Vineland/Millville
$1,450,000 USD
609-444-9704
1206 W Sherman Ave, Vineland, NJ for Sale
$1,450,000 USD
Medical - FOR SALE
1/60
null | Request Cap Rate

1206 W Sherman Ave
Vineland, NJ 08360
Vineland/Millville


HIGHLIGHTS

  • Abundant Parking
  • 2 Waiting Rooms, 11 Exam Rooms, 12 Offices, 5 Bathrooms, 4 Entrances/Exits
  • 2nd Floor with its own entrance, hosts a Conference Room, Cafeteria, Office and Full Bathroom

OVERVIEW

Presenting a premium 7,310 sq. ft. medical office condominium located just 0.5 miles from Inspira Medical Center Vineland. Built in 2008, this well-maintained facility is currently occupied by IMG Vineland Surgical Associates, with a temporary gross lease in place and a projected conversion to a triple net (NNN) lease at $20–$21/SF thereafter. With a strong potential cap rate, this investment opportunity offers long-term upside. The interior features 11 fully equipped exam rooms, 12 private offices, and two spacious waiting areas; as well as a staff cafeteria, conference room, full bathroom and additional office space on the second floor. The building includes five bathrooms (four half, one full), four points of entry and exit, and benefits from excellent on-site parking with 58 designated spaces spanning the front and side of the building. Operational infrastructure includes multi-zone HVAC systems (serviced annually), two hot water heaters, and a condo fee of approximately $10,000/year which covers roof and exterior maintenance. Real estate taxes are approximately $26,073 annually. This medical office is ideal for investors or end-users seeking a turnkey facility in a high-demand healthcare corridor.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Building 2

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

58

LAND DETAILS

LAND ACRES

7.06 AC

LAND SF

307,534 SF

ZONING

COMM

APN/PARCEL ID

14-06101-0000-00031-0000-C2A,14-06101-0000-00031-0000-C2B

ASK ABOUT THIS PROPERTY

Justin KellyOMNI Real Estate ProfessionalsMore Info
609-444-9704

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Justin KellyOMNI Real Estate ProfessionalsMore Info
609-444-9704

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