1206 W SHERMAN AVE #2A new to site Save Request In-Person Tour Request Virtual Tour
Vineland,NJ 08360
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 7,310 sqft
Price per Sqft $198
Subdivision None Available
MLS Listing ID NJCB2024320
Year Built 2008
Annual Tax Amount $26,073
Tax Year 2024
Lot Size 7.060 Acres
Acres 7.06
Property Sub-Type Office
Source BRIGHT
Property 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.
Location
State NJ
County Cumberland
Area Vineland City (20614)
Zoning COMM
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 58.0
Water Access N
Accessibility 2+ Access Exits,Level Entry - Main
Total Parking Spaces 58
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District City Of Vineland Board Of Education
Others
Tax ID 14-06101-00031-C2A
Ownership Fee Simple
SqFt Source Estimated
Security Features Security System
Special Listing Condition Standard