For Sale
$3,100,000

206-208 White Horse PikeBarrington, NJ 08007

NJ Office Building, Value-Add Opportunity

Overview

Added:
Jan 24
Days on market:
75
This exceptional value-add investment opportunity presents two office buildings totaling 34,737 square feet situated on a 3.2-acre lot in Barrington, New Jersey. The property, known as Barrington Commons, features 22 units across two, two-story buildings, constructed in 1965. Currently boasting a 90% occupancy rate, the complex generates a strong net operating income (NOI) of $286,642, resulting in an attractive 9.25% capitalization rate. The 6,500 square feet of net rentable space is comprised of a diverse mix of small and medium-sized professional office and medical spaces, many occupied by long-term tenants. Strategically located off Exit 29 of Route 295, Barrington Commons offers convenient access to Philadelphia and the New Jersey Turnpike, providing excellent visibility and accessibility. The property's substantial lot size (141,135 square feet) presents significant potential for future development or expansion, making it an ideal investment for those seeking strong returns and growth opportunities in a prime Camden County location. The asking price for this Class C property is $3,100,000. This is a rare opportunity to acquire a well-positioned multi-tenant office complex with considerable upside potential.

Highlights

  • $3,100,000 asking price for a value-add opportunity.
  • 34,737 total square feet, with 6,500 square feet of net rentable space.
  • 9.25% cap rate, generating a $286,642 NOI.
  • Two-building, multi-tenant office/retail property located at 206-208 White Horse Pike, Barrington, NJ 08007.
  • Property sits on a 141,135 square foot lot, with 22 units and two stories.
  • Built in 1965, currently 90% occupied, offering significant value-add potential.

Property Details for 206-208 White Horse Pike

Property type
Retail properties, Office properties
Square Feet
34,737 SF
Class
C
Year Built
1965
Buildings
2
Stories
2
Units
22

Location Insight

City
Barrington
County
Camden
State
New Jersey
Latitude
39.8729732
Longitude
-75.0479414
206-208 White Horse Pike, Barrington, New Jersey

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206-208 White Horse Pike
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