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USANJVineland1206 W Sherman Ave
BLDG-2A - 1206 W Sherman Ave, Home with 0 bedrooms, 5 bathrooms and null parking in Vineland NJ | Image 1
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$1,450,000

Bldg-2A - 1206 W Sherman Ave, Vineland, NJ

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Office
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $26,073
Days Active 0
Approx. Age 2008
MLS® Number NJCB2024320

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Presenting a premium 7, 310 sq. Ft. Medical office condominium located just 0.5 miles from Inspira Medical Center Vineland. Built in 2008, this well-maintained facility is currently occupied by IMG Vineland Surgical Associates, with a temporary gross lease in place and a projected conversion to a triple net (NNN) lease at $20–$21/SF thereafter. With a strong potential cap rate, this investment opportunity offers long-term upside. The interior features 11 fully equipped exam rooms, 12 private offices, and two spacious waiting areas; as well as a staff cafeteria, conference room, full bathroom and additional office space on the second floor. The building includes five bathrooms (four half, one full), four points of entry and exit, and benefits from excellent on-site parking with 58 designated spaces spanning the front and side of the building. Operational infrastructure includes multi-zone HVAC systems (serviced annually), two hot water heaters, and a condo fee of approximately $10, 000/year which covers roof and exterior maintenance. Real estate taxes are approximately $26, 073 annually. This medical office is ideal for investors or end-users seeking a turnkey facility in a high-demand healthcare corridor.Show Description
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Walk Score®
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Transit Score®
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Bike Score®
MLS® NumberNJCB2024320
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age2008
Stories2
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced Air, Natural Gas
A/CCentral A/C, Electric
Heating Fuel

Extras

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