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32326899
32326898

3 Broadway, Middle Township, NJ 08210 For Sale

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
MK
PA R336064
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia
$823,139
73 days on market
Updated 66 days ago

AtlantiCare

Details
Property Type Office
Sub Type Medical Office
Square Footage 2,690
Units 18
Cap Rate 8.5%
NOI $69,967
Occupancy 100%
Tenancy Single
Lease Term 5
Lease Expiration 12/30/2028
Remaining Term 2.5
Price per SqFt $306
Year Built 2004
Buildings 1
Acreage 0.460
Lease Commencement 12/31/2023

WELL RESPECTED HEALTHCARE SYSTEM

Investment highlights

ATLANTICARE – ONE OF SOUTHEASTERN NEW JERSEY’S LARGEST & MOST WELL-RESPECTED HEALTHCARE SYSTEMS

• Operates two hospitals and 110+ locations (urgent care, physician offices, health parks), with an AA- credit rating(Fitch Rating) and approximately $1B in annual revenue.

HIGH-YIELD & LOW-PRICE-POINT OPPORTUNITY IN SOUTH JERSEY

• The offering presents a sub-$900,000 investment with an 8.50% return, providing investors with an attractive entry point and strong cash flow relative to the price.

2.5 YEARS REMAINING ON BASE TERM WITH 2% RENTAL INCREASES

• The lease features approximately 2.5 years remaining on the base term with 2% annual rental increases, providing near term income stability while allowing flexibility for future lease extension or repositioning.

RECENT TENANT-FUNDED RENOVATION

• AtlantiCare completed a full interior renovation and medical fit-out at its own expense and has successfully operated at the location for approximately three years, demonstrating commitment to the site.

LIMITED EXPENSE EXPOSURE & MINIMAL MANAGEMENT RESPONSIBILITY

• Passive ownership profile with low operational burden

Listing Contacts

DD
PA PA RS305854
Marcus & Millichap - Philadelphia
MK
PA R336064
Marcus & Millichap - Philadelphia
Listed by Marcus & Millichap - Philadelphia

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$69,967.00
$5,830.58/mo

Valuation Metrics

0
DSCR
8.5%
Cap Rate
8.5%
ROI

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Additional Information

Name
Jim McGuckin
License
NJ 2082114
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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