$300,000
2 Sheppard Rd #203, Voorhees, NJ 08043
Details
Property Type Office
Sub Type Medical Office
Square Footage 1,238
Net Rentable (SqFt) 1,238
Units 1
Cap Rate 7.19%
NOI $21,564
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 5
Lease Expiration 01/31/2029
Remaining Term 2.5
Rent Bumps Yes
Price per SqFt $242
Broker Co-Op Yes
Class A
Year Built 2016
Year Renovated 2024
Buildings 1
Stories 1
Zoning Com
Parking Spaces 15 spaces
Parking per 1,000 SqFt 12.12
Investment Type Net Lease
Lease Commencement 02/01/2024
Occupancy Date 02/01/2024
Ownership Condo
Sale Condition 1031 exchange
Good Investment Property and Prime Location.
Marketing description
Cell: 609.509.8484
Currently leased to a medical office through January 31, 2029, with monthly rent of $2,615. Beginning February 1, 2027, the rent increases to $2,750/month for the remainder of the lease term. Per the lease agreement, any increases in HOA fees or property taxes are to be passed on to the tenant as additional rent. This is a one-story corner unit featuring major upgrades throughout, conveniently located at the intersection of Cooper Road and Centennial Road within Sheppard Office Park.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$21,564.00
$1,797.00/mo
Valuation Metrics
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DSCR
7.19%
Cap Rate
7.19%
ROI
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