225 State Route 23 S - Medical FOR SALE


Hamburg, NJ 07419
$1,796,500 USD
201-742-6133
225 State Route 23 S, Hamburg, NJ for Sale
$1,796,500 USD
Medical - FOR SALE
1/12
null | 9.01% Cap Rate

225 State Route 23 S
Hamburg, NJ 07419


HIGHLIGHTS

  • 95% Occupied
  • Over 50% of Rent is Medical Related
  • Anchored by Large Regional Medical Practice
  • Affluent Community | AHI of $112,000 Within 3-Miles
  • Nearby Retailers Include Walmart, Shoprite, Walgreens & McDonald's
  • Located 3 Miles From Luxury Golf & Spa Resort Crystal Springs

OVERVIEW

Marcus & Millichap presents 225 State Route 23 Hamburg, NJ. The property is a 15 Unit, 17,100 sq. ft. ofce / medical building. The tenant mix includes a regional doctors group, a dentist, physical therapist, insurance agent, and other diverse professionals. Several of the tenants have been in place over ten years, leases are short to longterm in length. The property is in good condition and sits on a 1.33- acre parcel with a total of 60 parking spaces. The property boasts a strong occupancy rate of 95%, with over 50% of its rental income derived from medical-related tenants, providing a stable and reliable income stream. Anchored by a prominent regional medical practice, the property is situated in an afuent community with an average household income of $112,000 within a 3-mile radius. Ample parking ensures convenience for both tenants and visitors, while the surrounding area features nearby retailers including Walmart, ShopRite, Walgreens, and McDonald's. Additionally, the property is located just 3 miles from the Crystal Springs Luxury Golf & Spa Resort,

FOR SALE DETAILS

PRICE

$1,796,500 USD

PRICE/SF

$105 USD /SF

CAP RATE

9.01%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Plaza 23

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.33 AC

LAND SF

57,935 SF

ZONING

HC

APN/PARCEL ID

09-00018-0000-00006

ASK ABOUT THIS PROPERTY

Brian KaplanMarcus & MillichapMore Info
201-742-6133

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Brian KaplanMarcus & MillichapMore Info
201-742-6133

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.