$4,363,354 USD
310-919-5839
1667 E Landis Ave
Vineland, NJ 08361
Vineland/Millville
HIGHLIGHTS
- RESISTANT HEALTHCARE INVESTMENT- Medical properties are highly sought-after for their security of investment and their resistance.
- LEASE TERMS- All four leases are subject to above market annual rental increases and predominantly have NNN reimbursement structures.
- DIVERSE TENANT MIX- A future landlord will benefit from the diverse mix, essential tenants in three well maintained buildings.
- STICKY INVESTMENT- Medical tenants rarely relocate due to high build-out costs of and difficulty in retaining the same patients after moving.
- STRATEGIC LOCATION- The subject asset sits adjacent to a master planned community currently being entitled for future development
- HIGH-TRAFFICKED AND VISIBILITY- Located off S Main St. and E. Landis Ave. which sees combined traffic counts of over 27,000 VPD.
FOR SALE DETAILS
PRICE
$4,363,354 USD
PRICE/SF
$545 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Multi-Tenant Medical Campus | 7.75% Cap Rate
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
320
LAND DETAILS
LAND ACRES
27.86 AC
LAND SF
1,213,582 SF
ZONING
IN-2
APN/PARCEL ID
14-04301-0000-00001
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310-919-5839
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310-919-5839
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