215 E Laurel Rd - Medical FOR SALE


Stratford, NJ 08084
$1,125,000 USD
201-893-3800
215 E Laurel Rd, Stratford, NJ for Sale
$1,125,000 USD
Medical - FOR SALE
1/10
null | 9.2% Cap Rate

215 E Laurel Rd
Stratford, NJ 08084


OVERVIEW

7,500 sq. ft. medical office building located on a 0.41-acre lot. Close to Jefferson Hospital and Rowan University School of Osteopathic Medicine. Minutes from Lindenwold Train station. Just off Rt 30 (S. White Horse Pike). The building has 8 offices, three on the first floor, three on the second floor and 2 in the basement. Additionally there are large connected basement storage areas with 2 of the first-floor offices. The first floor has a large common waiting area with double height ceiling, and an ADA-compliant bathroom. There is an ADA-compliant elevator. 26 parking spaces in total, located at the front and rear of the building. Currently, 7 of the 8 offices are occupied. All rents are current. Excellent opportunity for an owner-user who can lease the 1 currently vacant office, and collect rent from the other 7, thereby effectively making their office free. Alternatively, an investor can buy a stable cash-flow generating asset with long-term tenants in a building that requires very little day-to-day management. Suite 101 has recently been completely renovated with new flooring and painting, and is awaiting it's new tenant. The listing for rent is available on loopnet.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

9.2%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C

APN/PARCEL ID

32-00041-0000-00004

ASK ABOUT THIS PROPERTY

Raj AgarwalHudson GoldMore Info
201-893-3800

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Raj AgarwalHudson GoldMore Info
201-893-3800

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