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24464503
24464516

1051 W Sherman Ave, Vineland, NJ 08360 For Sale

HR
NJ NJ 0345922
eXp Realty Montclair
Listed by eXp Realty Montclair
$3,500,000
377 days on market
Updated 93 days ago

1051 W Sherman Ave Building 5

Details
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 10,000
Net Rentable (SqFt) 9,800
Units 3
Cap Rate 4.73%
NOI $165,624
Occupancy 88%
Tenancy Multi
Brand/Tenant Wells Fargo Bank
Lease Type NNN
Lease Term 7
Remaining Term 6
Pro-Forma Cap Rate 5.56%
Pro-Forma NOI $194,593
Price per SqFt $350
Broker Co-Op Yes
Year Built 2006
Buildings 1
Stories 1
Acreage 10.080
Zoning COMM
Parking Spaces 20 spaces
Parking per 1,000 SqFt 2.00

PRIME COMMERCIAL OFFICE BUILDING │ 88% OCCUPIED, HIGH VISIBILITY, INVESTMENT OPPORTUNITY

Marketing description

Turnkey investment property in Vineland’s premier business corridor. This is an exceptional opportunity to acquire a 10,000 sq ft modern office building located in one of Vineland’s most established and highly trafficked professional parks. Built in 2006, the property is 88% tenant-occupied with stable, long-term tenants on fair market NNN leases, offering strong and immediate cash flow with future upside.

Unit 5A consists of 3,200 sq ft and is currently leased at $20/sq ft NNN to The Eyecenter, a respected and established medical tenant. Unit 5B spans 5,600 sq ft and is leased to Wells Fargo at $18/sq ft NNN, providing additional income from a nationally recognized financial institution. Unit 5C is 1,200 sq ft and is currently being marketed for lease at $20/sq ft NNN, offering a perfect opportunity for a medical, legal, or professional user to join a high-profile tenant mix.

With modern construction, excellent curb appeal, ample parking, and steady foot traffic, this property is well-suited for both investors and owner-occupants looking to offset costs with reliable rental income. Located just minutes from Inspira Medical Center and Route 55, this prime office asset benefits from Vineland’s ongoing commercial growth and Urban Enterprise Zone incentives.

Whether you are seeking a stabilized addition to your portfolio or a strategic 1031 exchange option, 1051 W Sherman Ave, Building 5 is a high-performing commercial property positioned for long-term value and stability.

Investment highlights

For any questions, please contact Justus Rosario (609) 254-9571 or [email protected] For fastest handling, please include [email protected] on all offers.

Listing Contacts

HR
NJ NJ 0345922
eXp Realty Montclair
Listed by eXp Realty Montclair

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,624.00
$13,802.00/mo

Valuation Metrics

0
DSCR
4.73%
Cap Rate
4.73%
ROI

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Additional Information

Name
Hader Rivas, Sr.
License
NJ 0345922
Brokerage
Rivas Group | eXp Realty
Brokerage Phone
6099926872
Title
Broker - Salesperson
Brokerage Address
1600 New Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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