2153 Atco ave - Office FOR SALE


Atco, NJ 08004
$700,000 USD
310-919-5839
2153 Atco ave, Atco, NJ for Sale
$700,000 USD
Office - FOR SALE
1/3
null | 25% Cap Rate

2153 Atco ave
Atco, NJ 08004


HIGHLIGHTS

  • Absolute NNN Lease: The subject property benefits from an absolute NNN lease with zero landlord responsibilities and 2% annual increases.
  • Below Replacement Cost: The property offers an attractive entry basis of $154/per foot at list price
  • Strong Demographics: Under 25-miles from downtown Philadelphia and part of the Philadelphia MSA
  • Owner User / Value-Add Opportunity: Current tenant has lease in-place until 12/31/2028 allowing a future investor ample time to find a new tenant
  • High Cap Rate Opportunity: A future investor will benefit from the remaining lease term and Net Income, acquiring the subject property above a 30% Cap
  • Highly Visible: The subject property is located along Atco Ave., the major thoroughfare serving the town of Atco

OVERVIEW

Broker of Record Patrick Forde License # 122887 (NJ) Firm # 2330333 (NJ) Matthews Real Estate Investment Services, Inc 300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666 (866) 889-0550

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$154 USD /SF

CAP RATE

25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2153 Atco Ave

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

-

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

35-01011-0000-00013

ASK ABOUT THIS PROPERTY

Josh CordrayMatthews Real Estate Investment ServicesMore Info
310-919-5839

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

Josh CordrayMatthews Real Estate Investment ServicesMore Info
310-919-5839

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