107 Haddonfield-Berlin RdCherry Hill, NJ 08034

Property Details for 107 Haddonfield-Berlin Rd

Property size (Sq ft)

4,372 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

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.

Location Insight

City

Cherry Hill

County

Camden

State

New Jersey

Latitude

39.8924

Longitude

-75.0216

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