Vineland, NJ 08360,1103 W SHERMAN AVE
Vineland, NJ 08360,1103 W SHERMAN AVE
Vineland, NJ 08360,1103 W SHERMAN AVE
Vineland, NJ 08360,1103 W SHERMAN AVE
Vineland, NJ 08360,1103 W SHERMAN AVE
Vineland, NJ 08360,1103 W SHERMAN AVE
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$2,325,000

$2,500,000

7.0%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

10,000 SqFt


SOLD DATE : 01/23/2024

Key Details

Sold Price $2,325,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $232

MLS Listing ID NJCB2009972

Sold Date 01/23/24

Originating Board BRIGHT

Year Built 2010

Annual Tax Amount $10,250

Tax Year 2022

Lot Size 10.080 Acres

Acres 10.08

Lot Dimensions 0.00 x 0.00

Property 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 $16,000/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.

Location

State NJ

County Cumberland

Area Vineland City (20614)

Zoning NA

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Flooring Carpet, Vinyl

Heat Source Natural Gas

Exterior

Garage Spaces 100.0

Water Access N

Roof Type Asphalt,Pitched

Accessibility 32\"+ wide Doors, 36\"+ wide Halls, Level Entry - Main, No Stairs

Total Parking Spaces 100

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District City Of Vineland Board Of Education

Others

Tax ID 14-07001-00702-C2A

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Hader Rivas Sr. • EXP Realty, LLC
Bought with Non Member • Non Subscribing Office

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Rachel Romano

REALTOR® | License ID: 1111154

+1(609) 238-1329

123 W Jersey Ave, Pitman, NJ, 08071

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