457 Haddonfield RdCherry Hill, NJ 08002

For Sale
$16,600,000

7-Story Office Building, High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents the LibertyView Office Tower, a seven-story, 121,694-square-foot traditional office building situated at 457 Haddonfield Road in Cherry Hill, New Jersey. Boasting a strong 89% occupancy rate with 19 tenants, primarily law firms, financial services, and medical practices, this property generates a substantial net operating income (NOI) of $1,719,446, yielding a compelling 10.36% cap rate. Built in 1990, the building sits on a 5.1-acre lot and offers ample parking with 330 spaces. Its prime location at the intersection of Haddonfield Road and Route 38 provides excellent visibility and accessibility, with over 38,000 cars daily on Haddonfield Road and over 58,000 on Route 38. The property benefits from its proximity to major retail destinations, including the Cherry Hill Mall and national retailers like Target, Kohl's, and Hobby Lobby. Furthermore, its location offers convenient access to Center City Philadelphia, just 7 miles away. The building features four points of ingress/egress, enhancing traffic flow. Most tenants have annual rent increases built into their leases, providing further potential for income growth. The surrounding area boasts strong demographics, with over 304,000 people within a 5-mile radius and an average household income exceeding $104,000 within a 1-mile radius. There is also approximately 14,693 square feet of vacant space presenting a leasing upside. The asking price for this exceptional property is $16,600,000. A separate Republic Bank pad site is also available.

Highlights

  • 7-story, 121,000 SF office building at 457 Haddonfield Road, Cherry Hill, NJ.
  • Tenanted by law firms, financial services, and medical professionals.
  • 89% occupancy with 14,693 SF of available space.
  • Separate Republic Bank pad site available.
  • Prime location at Haddonfield Road and Route 38 intersection.
  • Across from Cherry Hill Mall and near Target, Kohl's, and Hobby Lobby.

Property Details for 457 Haddonfield Rd

Property type
Other office properties, Office properties
Year Built
1990
Stories
7
Lot Size (sq. ft)
222,156 SF

Location Insight

City
Cherry Hill
County
Camden
State
New Jersey
Latitude
39.9366333
Longitude
-75.0313527
457 Haddonfield Rd, Cherry Hill, New Jersey

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
457 Haddonfield Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message