500 Sheppard RdVoorhees Township, NJ 08043

For Sale
Call for price

Prime NJ medical office, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional Class A, single-tenant medical office building, located at 500 Sheppard Rd, Voorhees Township, NJ 08043, presents a unique investment opportunity. Built in 2007 and renovated in 2021, the property boasts 2,476 square feet across one single-story building with two units. Currently operating at 100% occupancy with a lease expiration date of September 1, 2024, this property offers a strong, stable income stream. The building features individualized entrances with 24/7 access and ample on-site parking. Its strategic location in the Voorhees/Cherry Hill/Marlton triangle provides convenient access to major medical centers, including Cooper, Virtua, and Jefferson hospitals. The property is offered as a sale to a user or a sale-leaseback transaction. The building is categorized as Executive Office, Medical Office, and Traditional Office space, and operates under a NNN lease structure. Rent bumps are included in the lease agreement. The property offers a cap rate exceeding 7%. This is a rare opportunity to acquire a high-quality, income-producing asset in a desirable location. Don't miss this chance to own a piece of this thriving medical market.

Highlights

  • Strong 7%+ cap rate.
  • High-demand location with excellent visibility.
  • Recently renovated interior spaces.
  • Long-term, stable tenant base.
  • Significant upside potential through lease-up or rent increases.

Property Details for 500 Sheppard Rd

Property type
Other office properties, Medical offices
Square Feet
2,476 SF
Class
A
Year Built/Renovated
2007/2021
Buildings
1
Stories
1
Units
2

Location Insight

City
Voorhees Township
County
Camden
State
New Jersey
Latitude
39.86048603281
Longitude
-74.94864052602
500 Sheppard Rd, Voorhees Township, New Jersey

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500 Sheppard Rd
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