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29432284

5 Locations For Sale

JW
NJ NJ 9696397
Wolf Commercial Real Estate New Jersey
JM
NJ 1431995
Wolf Commercial Real Estate New Jersey
SK
RS330867
Wolf Commercial Real Estate New Jersey
Listed by Wolf Commercial Real Estate New Jersey
Unpriced
172 days on market
Updated 11 days ago

Sagemore Corporate Center

Details
Property Type Office
Sub Type Executive Office, Medical Office
Square Footage 168,462
Occupancy 83%
Tenancy Multi
Class A
Year Built 1990, 2000, 1988, 1999, 1993
Buildings 5
Stories 10
Acreage 2.82 - 4.68
Zoning O- (Office)

Premier Investment Opportunity in Marlton

Marketing description

Wolf Commercial Real Estate ("WCRE"), has been retained on an exclusive basis to arrange the sale of Sagemore Corporate Center (the "Property"), a five building 168,462 square foot Suburban office portfolio situated just off Route 73 in the desired location of Marlton, New Jersey.

The Sagemore Corporate Center offers investors the opportunity to own and manage a historically beautiful, iconic office park in Southern New Jersey which has a staple for more than three decades. Currently 83% leased across five buildings with an average weighted lease term of approximately 4.15 years, the Property features a diverse rent roll with tenants operating in the clinical healthcare, financial services and legal services. The Sagemore Corporate Center's tenant mix consists of Cooper Health System (Moody's Credit Rating: Baa1), Wells Fargo (Moody's Credit Rating: Aa2) and Janney Montgomery Scott (Moody's Credit Rating: Aaa). As a result, the Property offers investors strong in-place cash flow with the potential of additional upside through the lease-up of the premier existing vacancy and the implementation of a modest modernization program.

The portfolio consists of 5-buildings over 19 acres close to local amenities and prominent retail destinations. Sagemore Corporate Center is within close driving distance to growing residential communities with strong demographics of Marlton, Cherry Hill and Voorhees where many of the region's top executives live.

Investment highlights

  • 83% Occupancy
  • Over 20 Well-established Tenants
  • Within Walking Distance to the Promenade at Sagemore
  • 4.15 Weighted Average Lease Term
  • 5000 Sagemore:-
  • Square feet: 21,000
  • Stories: 1
  • Year built:1990
  • Elevators: none
  • Land: 3.23 ac
  • Zoning: o (office)
  • 6000 Sagemore:-
  • Square feet: 50,000
  • Stories: 3
  • Year built: 2000
  • Elevators: none
  • Land: 4.68 ac
  • Zoning: o (office)
  • 8000 Sagemore:-
  • Square feet: 50,400
  • Stories: 3
  • Year built: 1988
  • Elevators: 2
  • Land: 4.09 ac
  • Zoning: o (office)
  • 10000 Sagemore:-
  • Square feet: 12,000
  • Stories: 1
  • Year built:1993
  • Elevators: none
  • Land: 4.60 ac
  • Zoning: o (office)
  • 14000 Sagemore:-
  • Square feet: 12,000
  • Stories: 1
  • Year built:1993
  • Elevators: none
  • Land: 2.82 ac
  • Zoning: o (office)

Listing Contacts

JW
NJ NJ 9696397
Wolf Commercial Real Estate New Jersey
JM
NJ 1431995
Wolf Commercial Real Estate New Jersey
SK
RS330867
Wolf Commercial Real Estate New Jersey
Listed by Wolf Commercial Real Estate New Jersey

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Additional Information

Name
Jason Wolf
License
NJ 9696397
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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