Listed by Friedman Real Estate, Bang Realty
$1,397,000
Cinnaminson Medical & Surgical Center
Details
Property Type Office
Sub Type Medical Office
Cap Rate 6.85%
NOI $95,726
Occupancy 67.41%
Tenancy Multi
Pro-Forma Cap Rate 11.60%
Pro-Forma NOI $162,090
Class A
Year Built 1960
Year Renovated 2025
Acreage 0.900
Parking Spaces 41 spaces
Investment Type Value Add
Investment Sale Medical Office Property Located Directly Off Of Main Retail Thoroughfare
Investment highlights
- The subject property is strategically located just off highly trafficked Burlington Pike, one of the region's busiest commercial corridors, providing high visibility and strong traffic counts
- An exceptional opportunity to add value through lease up or occupy of approximately 1,940 SF of fully renovated medical space, delivered in turnkey condition and ready for immediate occupancy
- Current tenants have made recent investments in substantial renovations to their space showing long term commitment to this location
- Extremely Affluent Area- $130,000 Median HH Income in the 1 Mile and $102,000 Median HH Income in the 3 Mile
- Nearby retailers include Starbucks (100 ft away), Sam's Club, Walmart, Chick-Fil-A, Chipotle, WaWa, etc..
- Property is located directly next to The Riverton Country Club and Cinnaminson High School
- There is an extra +/- 700 SF of recently renovated medical space that can be leased up. This unit includes a reception area, 2 medical rooms and 2 restrooms
Listing Contacts
Listed by Friedman Real Estate, Bang Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$95,726.00
$7,977.17/mo
Valuation Metrics
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DSCR
6.85%
Cap Rate
6.85%
ROI
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