For Sale
$945,000

107 Haddonfield-Berlin RdCherry Hill, NJ 08034

High-visibility, NNN-leased medical office.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Class A, two-story medical office building in Cherry Hill, New Jersey, presents a compelling investment opportunity. Located at 107 Haddonfield-Berlin Rd, 08034, this freestanding building boasts 4,372 square feet and offers high visibility due to its highway frontage. Currently 100% occupied by a single tenant under a Net Lease (NNN) agreement, the property provides a stable income stream with a 7.62% cap rate and a strong NOI of $72,000. The lease, commencing January 14, 2024, and expiring January 13, 2029, includes a remaining term of approximately 4.2 years, with a built-in 3% annual rent increase. The tenant holds one 5-year renewal option. The building features 27 parking spaces, ensuring ample convenience for patients and staff. The asking price is $945,000, translating to $216.15 per square foot. This represents a rare chance to acquire a well-located, high-performing medical office building with a secure, long-term lease in a thriving market. The property's strong financials and desirable location make it an ideal addition to any investment portfolio.

Highlights

  • $945,000 asking price for a Class A, 4,372 SF medical office building.
  • Net-leased investment with a 7.62% cap rate and $72,000 annual NOI.
  • Located at 107 Haddonfield-Berlin Rd, Cherry Hill, NJ 08034, offering high visibility and highway frontage.
  • Single-tenant, 100% occupied by Virtua under a 5-year NNN lease (commencing 01/14/2024) with one 5-year renewal option.
  • Features 27 parking spaces and 3% annual rent bumps.

Property Details for 107 Haddonfield-Berlin Rd

Property type
Office properties, Medical offices
Square Feet
4,372 SF
Class
A
Buildings
1
Stories
2
Units
1

Location Insight

City
Cherry Hill
County
Camden
State
New Jersey
Latitude
39.89238568171
Longitude
-75.021647445725
107 Haddonfield-Berlin Rd, Cherry Hill, New Jersey

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
107 Haddonfield-Berlin Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message