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1206 W Sherman , 2A

Vineland, NJ 08360
  • $1,695,950
  • STATUS: Active
  • ON SITE: 15 Days
  • MLS #: 592592
UPDATED: 45 min ago
$1,695,950
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2008
County:

School Ratings & Info

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 doctors 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 propertys **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!

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© 2025 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2025-02-14T22:50:10.103.
www.oceancitynewjerseyhomes.com/homes/159848073
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1206 W Sherman , 2A Vineland, NJ 08360

  • Price: $1,695,950
  • Status: Active
  • On Site: 15 Days
  • Updated: 45 min ago
  • MLS #: 592592
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2008
Built
Neighborhood:
Vineland City
County:
Cumberland
Area:
Vineland City
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 doctors 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 propertys **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!
Exterior Features

Commercial Style Off./Prof. CondoOther (See Remarks) Location See Remarks Lot Dimensions 80x61 Parking Paved Waterfront YN No

Interior Features

Interior Features Handicap FeaturesOther (See Remarks)Restroom Specialty Rooms Office Space Avail.Utility Room

Property Features

Approved Short Sale N/A Auction YN No Available Other (See Remarks) Bank Owned Foreclosure No Buildings 1 Lot Number 31 May Be Subject To Third Party Approval Short Sale No Tax Year 2024 Taxes 26074

South Jersey Shore Regional MLS logo Listing information © 2025 South Jersey Shore Regional MLS.
Listing provided courtesy of eXp Realty-Northfield: .


© 2025 South Jersey Shore Regional MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Cheryl Huber Team. Properties marked with the Broker Reciprocity icon or thumbnail icon (a small house) are provided courtesy of the South Jersey Shore Regional MLS Broker Reciprocity Database. Data last updated 2025-02-14T22:50:10.103.
 
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