Listed by JLL - Cherry Hill, New Jersey
Unpriced
897 12th Street
Details
Property Type Industrial
Sub Type Flex
Square Footage 58,400
Net Rentable (SqFt) 58,400
NOI $250,208
Occupancy 77%
Pro-Forma NOI $420,425
Class B
Year Built 1980
Buildings 2
Acreage 10.910
Zoning B-2
Investment Type Value Add
Ceiling Height 24 feet
Loading Docks 10
Dock High Doors 7
Industrial | 58,400 SqFt
Investment highlights
Investment sale opportunity (value add) or the ability for an owner/occupier to occupy a portion of the building with rental income. Six (6) existing tenants. One vacancy totaling 13,722 sf of warehouse space. Ability to grow rents as most of the industrial tenants are paying below market rents. Building is located on Route 54 (12th Street) just off exit 28 of the Atlantic City Expressway. Ceiling heights vary from 16 feet to 24 feet throughout. Building is in good condition. There is approximately 14,000 sf of office space in the front of the building that is 100% leased by three tenants.
Listing Contacts
Listed by JLL - Cherry Hill, New Jersey
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$250,208.00
$20,850.67/mo
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