392 White Horse PikeHammonton, NJ 08037
- Other commercial real estate
- 12,896 SF
Property Details for 392 White Horse Pike
- Year built
- 1990
- Construction
- BRICK
- Lot size
- 0.97 AC
- Property size (Sq ft)
- 12,896 SF
- Property type
- Other commercial real estate
- APN
- 13 02301-0000-00039
- APU
- 1302301000000039
Description
This exceptional investment opportunity presents a 0.97-acre medical office building located at 392 N White Horse Pike in Hammonton, New Jersey. The property boasts a strong tenant roster anchored by Fresenius Kidney Care, a significant and stable medical provider. Fresenius occupies 8,400 square feet under a long-term lease. Additional tenants include a dermatology practice (3,000 square feet) and a podiatrist (1,000 square feet), all contributing to a robust and diversified income stream. The projected gross income for 2025 is $350,000, with estimated operating expenses of $75,000, resulting in a substantial net operating income. The current lease agreements provide exceptional stability, with no lease expirations or renewals anticipated until 2028 and 2029. This presents a rare opportunity to acquire a well-established, income-producing medical office building with a long-term, secure financial outlook. The property's prime location in Hammonton, NJ, ensures excellent visibility and accessibility for tenants and patients alike. This is an ideal investment for those seeking a stable, high-yield asset with minimal management requirements. The building's current occupancy and long-term lease agreements minimize vacancy risk and provide a predictable cash flow for years to come. The asking price is $3,499,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $4,755,226
- Hospitality
- $4,355,761
- Educational
- $3,623,942
- Medical
- $3,748,575
- Retail
- $5,637,243
Location Insight
- City
- Hammonton
- County
- Atlantic
- State
- New Jersey
- Latitude
- 39.6562
- Longitude
- -74.8031
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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