399 Front St - Medical FOR SALE


Elmer, NJ 08318
$1,250,000 USD
856-430-0072
399 Front St, Elmer, NJ for Sale
$1,250,000 USD
Medical - FOR SALE
1/22
null | Request Cap Rate

399 Front St
Elmer, NJ 08318


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$139 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 Policy.