For Sale
$7,195,000

1365 Chews Landing RdClementon, NJ 08021

NJ Medical Office Complex: High Occupancy, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents Chews Landing Commons, a 44,500-square-foot medical and traditional office campus situated on 6.1 acres in Clementon, New Jersey. The property boasts a 96% occupancy rate with eleven tenants, generating a strong net operating income (NOI) of $571,997 and a 7.95% capitalization rate. The asking price is $7,195,000, representing a fee-simple ownership opportunity. The single-story complex comprises seven buildings, each meticulously maintained and managed, contributing to the consistently high occupancy rate. Notable tenants include NovaCare Rehabilitation Center, Victory Bay Recovery Center, Advantage Behavioral Health, Harmony Bay Wellness, and Heartland Hospice Services. The property benefits from built-to-suit construction for multiple buildings, healthy scheduled rental increases, and a prime location. Its proximity to major hospitals, including Jefferson University (4 miles) and Virtua Voorhees Regional Medical Center (9 miles), further enhances its appeal. Convenient access to major highways, including the North-South Freeway, New Jersey Turnpike, and I-295, and its proximity to the Walt Whitman Bridge (9 miles) connecting Southern New Jersey to Philadelphia, provide excellent accessibility. The property is also located in a densely populated area with over 224,000 people within a 5-mile radius. Ample parking is available with 185 spaces.

Highlights

  • 96% occupied medical/office campus in Clementon, NJ.
  • 7 buildings totaling ±44,500 SF on 6+ acres.
  • Strong tenant roster including NovaCare, Victory Bay, Advantage Behavioral Health, Harmony Bay, and Heartland Hospice.
  • Well-maintained campus with a history of high occupancy and build-to-suit opportunities.
  • Built-in rental growth protection against inflation.
  • Convenient location near Jefferson University Hospital and Virtua Voorhees.

Property Details for 1365 Chews Landing Rd

Property type
Office properties, Medical offices
Square Feet
44,500 SF
Stories
1
Lot Size (sq. ft)
265,716 SF

Location Insight

City
Clementon
County
Camden
State
New Jersey
Latitude
39.826702
Longitude
-75.052358
1365 Chews Landing Rd, Clementon, New Jersey

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1365 Chews Landing Rd
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