1206 W SHERMAN AVE #2A Active 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 $218
Subdivision None Available
MLS Listing ID NJCB2022268
Originating Board BRIGHT
Year Built 2008
Annual Tax Amount $26,073
Tax Year 2024
Lot Dimensions 0.00 x 0.00
Property Sub-Type Office
Property Description
**Exclusive Investment Opportunity** The Rivas Realty Group is proud to present a prime, income-generating investment opportunity at **1206 W. Sherman Ave, Building 2A, Vineland, NJ**. This modern, well-maintained 2-story medical office building offers **7,310+ sq. ft.** of professional-grade office space, strategically designed to support medical tenants. Featuring **11+ exam rooms, 12+ private doctor's offices**, and **two spacious waiting areas**, the facility is built to accommodate healthcare professionals and their patients with efficiency and comfort. Additional on-site amenities include a **staff cafeteria** and a **conference room**, making this a highly functional space for long-term tenants.
Constructed in 2008 and in **excellent condition**, the property is low-maintenance, providing an ideal turnkey solution for investors seeking stability and minimal oversight. The property is currently leased to **IMG Vineland Surgical Associates**, a reputable, long-term tenant that has occupied the building since 2018 and has a lease expiration of 4/30/25. The current "gross" lease structure has the tenant covering utilities while the landlord is responsible for insurance, taxes, condo fees, and maintenance.
Key investment highlights include a **current cap rate of 7.86%** and a **projected rent increase to fair market value of $20-$21 per sq. ft.** under the **NNN lease structure**, enhancing future income potential. The property's **prime location** just **0.5 miles from Inspira Vineland Hospital** ensures high visibility and easy access for patients and staff alike, further elevating its attractiveness as a medical office investment.
This property offers an **attractive value proposition** for investors seeking long-term, stable returns guaranteeing cash flow with minimal management responsibilities and low operational costs. This is a rare opportunity to acquire a well-positioned, low-risk asset in a thriving healthcare market.
For more information or to schedule a tour, please contact The Rivas Realty Group today. This investment opportunity won't last!
Location
State NJ
County Cumberland
Area Vineland City (20614)
Zoning COMM
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Carpet
Heat Source Natural Gas
Exterior
Garage Spaces 11.0
Water Access N
Accessibility 2+ Access Exits
Total Parking Spaces 11
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 Condominium
Special Listing Condition Standard