399 Front St - Medical FOR SALE


Elmer, NJ 08318
$1,100,000 USD
856-430-0072
399 Front St, Elmer, NJ for Sale
$1,100,000 USD
Medical - FOR SALE
1/22
null | Request Cap Rate

399 Front St
Elmer, NJ 08318


HIGHLIGHTS

  • Close proximity to Inspira Medical Center

OVERVIEW

NEW PRICE. REDUCED $150,000! Attention Savvy Investors... Here's the sound real estate investment you have been looking for to add to your portfolio. Check out this 9,008 +/- sf ( 8,721 +/- sf net rentable area) one-story, four-unit commercial building sitting on 1.95 +/- acres. This property is well designed for medical professional services. You will appreciate this well constructed multi-tenant masonry and steel framed office building with a multi-angle pitched roof. This prime property offers 81 +/- parking spaces (including 4 designated for handicapped parking) on a macadam covered parking lot, pole-mounted lighting, concrete curbing and sidewalks and professional landscaping. The property is in the Zone X flood zone and the RP/LR-1 zoning district. The four (4) units layout are the following: Suite A - 1811 +/- sf , Suite B & C - 2391 +/- sf , Suite D - 1979 +/- sf and Suite E - 2352 +/- sf. Three of the four units are currently leased, and utilities are separately metered. The current gross annual income for the three leased units is $110,304 plus a pro-rata share of the expenses as additional income. Great location – walking distance to Inspira Medical Center and just minutes to Route 40 and Route 55. There is a 45kW natural gas powered Generac generator, which provides back-up power for Suites B and C . Great replacement property to complete a 1031 tax deferred exchange. Rent roll available with signed confidentiality agreement.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

R-P

APN/PARCEL ID

03-00012-0000-00007

ASK ABOUT THIS PROPERTY

Richard WarnerWarner Real Estate & Auction Co, Inc.More Info
856-430-0072

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Richard WarnerWarner Real Estate & Auction Co, Inc.More Info
856-430-0072

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