334 Stokes Rd - Medical FOR SALE
Medford Lakes, NJ 08055 |
$2,758,000 USD
310-919-5839
334 Stokes Rd
Medford Lakes, NJ 08055
HIGHLIGHTS
- $176 Billion Industry – Dentistry is one of the largest industries in medicine and grows by an average of 2.5% annually.
- Industry Growth – The dental market is expected to grow by a CAGR of 7.4% from 2022-2029 (per Fortune Business Insights).
- Streamlined Expansion – The Smilist expands by acquiring existing practices that are already successful and established within the community.
- High Visibility – The subject property is strategically located on Stokes Rd that sees over 12,700 VPD directly in front of the asset.
- Value-Add Opportunity – Two of the subject tenants have minimal lease term remaining and are currently paying below market rents.
- Affluent Demographics – The asset is located in a dense, affluent market with a 5-mile population exceeding 69,000 people.
FOR SALE DETAILS
PRICE
$2,758,000 USD
PRICE/SF
$356 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
MULTI-TENANT DENTAL OFFICE
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
2
BUILDING CLASS
B
YEAR BUILT
2012
SPRINKLERS
-
PARKING SPACES
53
LAND DETAILS
LAND ACRES
2 AC
LAND SF
87,120 SF
ZONING
RC
APN/PARCEL ID
20-00909-0000-00001-09
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310-919-5839
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Please correct the highlighted field(s).
310-919-5839
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