Listed by Vantage Real Estate Services Cherry Hill
$2,100,000
Glen Oaks Professional Building
Details
Property Type Office
Sub Type Medical Office, Traditional Office
Square Footage 20,000
Cap Rate 8.45%
NOI $177,385
Occupancy 100%
Tenancy Multi
Price per SqFt $105
Zoning OR - Office Residential
Parking Spaces 89 spaces
Parking Per SqFt 4.45
Investment Type Stabilized
Office | 8.45% CAP | 20,000 SqFt
Marketing description
Well maintained +/- 20,000 SF office building nearly 100% occupied, with additional upside through addbacks and potential income optimization. 2025 real estate taxes total $36,648.15.
Tenant mix consists of counseling services and traditional office and medical users, with a range of suite sizes supporting a diversified rent roll. This structure limits tenant concentration risk and provides consistent cash flow.
The building is in excellent physical condition, minimizing near-term capital expenditures. Located within a dense residential trade area, the property continues to support service-oriented office tenancy.
Investment highlights
- Well maintained +/- 20,000 SF office building nearly 100% occupied, with additional upside through addbacks and potential income optimization. 2025 real estate taxes total $36,648.15.
- Tenant mix consists of counseling services and traditional office and medical users, with a range of suite sizes supporting a diversified rent roll. This structure limits tenant concentration risk and provides consistent cash flow.
- The building is in excellent physical condition, minimizing near-term capital expenditures. Located within a dense residential trade area, the property continues to support service-oriented office tenancy.
Listing Contacts
Listed by Vantage Real Estate Services Cherry Hill
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$177,385.00
$14,782.08/mo
Valuation Metrics
0
DSCR
8.45%
Cap Rate
8.45%
ROI
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