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PRICE $1,695,950 dsIDX morgage calculator
SIZE 7,310 sqft
LOT SIZE n/a

**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. At an **asking price of $1,695,950**, 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!

DAYS ON MARKET 63 LAST UPDATED 1/29/2025
TRACT NONE AVAILABLE YEAR BUILT 2008
COMMUNITY Vineland City (20614) COUNTY CUMBERLAND
STATUS Active PROPERTY TYPE(S) Commercial

SCHOOLS
School District CITY OF VINELAND BOARD OF EDUCATION


ADDITIONAL DETAILS
AIR Central Air, Gas
AIR CONDITIONING Yes
APPLIANCES Gas Water Heater
AREA Vineland City (20614)
CONSTRUCTION Brick, Vinyl Siding
HEAT Forced Air, Natural Gas
LOT DIMENSIONS 0.00 x 0.00
PARKING Parking Lot
SEWER Public Sewer
SUBDIVISION NONE AVAILABLE
TAXES 26073
WATER Public
MORTGAGE CALCULATOR
   

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CONTACT US ABOUT 1206 W SHERMAN AVENUE #2A
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