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Office Medical

70 Manheim Ave

70 Manheim Ave, Bridgeton, NJ 08302

Listing Price: $625,000

Cap Rate
1.09%
Gross SF
62,622
Rentable SF
5,200
Price/Gross SF
$9.98
Occupancy
40.0%
Year Built
1989
Lot Size
1.50 acres

Investment Overview

Marcus & Millichap is pleased to exclusively present 70 Manheim Avenue Bridgeton, NJ 08302. The Subject property is a two tenant medical building that encompasses 5,200 of rentable space and sits on 1.44 acres of land. The property is currently with a Medical Tenant, IvyRehab, taking up 2,040 square feet of rentable space. IvyRehab is on a double net lease with 3 years left on term. 70 Manheim Avenue has plenty of parking for two tenants, this location would adapt well for another medical occupant. Located just off of Route 49, sitting on a quiet road just under half a mile from Bridgeton Inspira Hospital. The town of Bridgeton has a population of 43,000 people and average household income of $69,200 dollars.

Investment Highlights

  • Hedge Against Inflation
  • 2 Percent Annual Increases
  • Medical Tenant Occupying 40% of Property
  • 0.4 Miles From Bridgeton Inspira Hospital
  • Double Net Tenant

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Financing By

Office Medical

70 Manheim Ave

Listing Price: $625,000

Cap Rate
1.09%
Gross SF
62,622
Rentable SF
5,200
Price/Gross SF
$9.98
Occupancy
40.0%
Year Built
1989
Lot Size
1.50 acres

Investment Highlights

  • Hedge Against Inflation
  • 2 Percent Annual Increases
  • Medical Tenant Occupying 40% of Property
  • 0.4 Miles From Bridgeton Inspira Hospital
  • Double Net Tenant

Investment Overview

Marcus & Millichap is pleased to exclusively present 70 Manheim Avenue Bridgeton, NJ 08302. The Subject property is a two tenant medical building that encompasses 5,200 of rentable space and sits on 1.44 acres of land. The property is currently with a Medical Tenant, IvyRehab, taking up 2,040 square feet of rentable space. IvyRehab is on a double net lease with 3 years left on term. 70 Manheim Avenue has plenty of parking for two tenants, this location would adapt well for another medical occupant. Located just off of Route 49, sitting on a quiet road just under half a mile from Bridgeton Inspira Hospital. The town of Bridgeton has a population of 43,000 people and average household income of $69,200 dollars.

Broker of Record

  • John Horowitz

    First Vice President/ Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

Financing By

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