$2,500,000
Sold

1103 W Sherman Ave

Vineland, NJ 08360
Browse 99 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

Description

This is a 3-unit medical office building (Building #2) in a centrally located professional campus and within a 2 minute ride to Inspira MedicalCenter and Rt 55. It offers 10,000+/-SF, and currently fully occupied with long term tenants, and fetching approximately $16,319/month in rent, all NNN. Each unit is large and aptly appointed for medical practices to conduct business. Building is in excellent condition and parking is more than ample. Some details about the three units included in the sale: Unit 2A: Currently owner occupied and (they are looking to stay) paying $6k/month rent with no lease. There is a large waiting room with reception/front office area, 4 exam rooms, an office, file room, large lab room, bathroom, employee room, kitchen, utility room with closet and storage space. Unit 2B: Tenant is currently in their 6th year of a 10-year lease paying $5,489 monthly. This unit has 6 exam rooms, 2 operating rooms, a lab, reception area, dining room and 4 baths. Unit 2C: Currently renting $4,830/month on a year-to-year lease. There are 5 examination rooms, a manager’s room, nutritionist room, 2 doctors’ offices, 3baths - one with shower, also a billing room and kitchen. We invite you to tour this great location and see for yourself what a fantastic investment opportunity it is.

  • Interior Details
      • HeatingForced Air, Gas-Natural
  • Property Details
      • Lot Description702
    • Measurements
      • Acres2.01
      • Lot Size2.01
    • Parking
      • Parking11 or More Spaces, Other (See Remarks), Paved
  • Construction Details
      • Property TypePurchase
    • Material information
      • RoofAsphalt, Pitched
  • Utilities / Energy Details
      • WaterPublic
  • Community and Neighborhood Details
      • School District7001
  • Other
      • MLS #566595

Location

Provident LegacyReal Estate Group