Property Details
Price :
Square Feet :
Cap Rate :
$17,270,000
121,694
10.00%
NOI :
Acres :
$1,727,000
5.02
Property Type :
Property Status :
Office
Available
Investment Highlights
- Institutional Office Tower at a Compelling Basis – Acquire a 121,694-square-foot, seven-story office tower featuring a distinctive curved, terraced façade at a compelling basis relative to today's replacement cost, providing investors the opportunity to own a high-quality suburban office asset with significant embedded value.
- Premier Location Within Cherry Hill's Commercial Corridor – Situated in the heart of Cherry Hill's premier commercial corridor, the Property is surrounded by Cherry Hill Mall, Towne Place at Garden State Park, premier hotels, restaurants and executive housing, while offering immediate access to I-295, Route 70, Route 73, Route 130 and the New Jersey Turnpike, approximately eight miles from Center City Philadelphia.
- Distinguished Institutional Tenant Roster – The Property is home to a distinguished mix of healthcare providers, regional law firms, accounting firms and professional businesses, including Jefferson Health and ENT & Allergy Associates. This high-quality tenant roster reflects LibertyView's ability to attract and retain established organizations, providing stable in-place income and reinforcing its position as one of Cherry Hill's premier suburban office destinations.
- Attractive In-Place Yield with Leasing Upside – Offered at a 10.0% in-place capitalization rate with approximately $1.73 million in current net operating income, the Property also offers approximately 13,558 square feet of available space, providing investors with the opportunity to further enhance occupancy, increase cash flow and create additional value through proactive leasing.
- 89% Leased Diversified Income Stream – The Property is 89% leased to 17 tenants across healthcare, legal, financial services and professional business sectors, providing diversified in-place income from an established institutional-quality office asset.
- Strong Regional Demographics & Employment Base – LibertyView serves a market of more than 304,000 residents, 166,000 employees and nearly 15,000 businesses within a five-mile radius, supporting long-term tenant demand and future leasing activity.
- Meaningful Value Creation Opportunity – The combination of strong in-place cash flow, remaining lease-up potential and a premier location within one of Southern New Jersey's most established office markets provides investors with multiple avenues to enhance long-term asset value.
Listing Contacts
