Office Medical
The Concentra Building Value-Add Office
211 Benigno Blvd, Bellmawr, NJ 08031
Listing Price: $3,225,000
Investment Overview
Marcus & Millichap is pleased to exclusively present 211 Benigno Blvd in Bellmawr, NJ located within the Interstate Business Park. The Subject Property is a 40,503 SF Office Building situated on 1.47 Acres. The building accommodates 5 suites. The property is undergoing significant renovations with built to suit fixtures for Concentra Urgent Care, who recently signed a 10-year lease term. Concentra currently has a lease restriction preventing leasing the remaining first floor vacancy to medical without their permission. Located in Camden County, the Subject Property is conveniently located within the Philadelphia Metro, maintaining strong demographics with market rents increasing 1.4% YoY.
The Concentra Building Value-Add Office
Investment Highlights
- Diverse tenant mix with opportunity to lease 11,000 SF of vacant space.
- Significant CapEx done by Concentra Urgent Care with built to suit fixtures and a brand new 10-year lease.
- Strong market conditions with a 1.4% increase YoY in market overall rents.
- Conveniently located within the Philadelphia metro with over 260,000 residents within a 5-mile radius.
- Located less than 1 mile from Route 42 (178,864 VPD), NJ State Turnpike (53,440 VPD), and I-295.
Exclusively Listed By
Broker of Record
-
John Horowitz
First Vice President/ Division Manager
Financing By
Listing Price: $3,225,000
Investment Highlights
- Diverse tenant mix with opportunity to lease 11,000 SF of vacant space.
- Significant CapEx done by Concentra Urgent Care with built to suit fixtures and a brand new 10-year lease.
- Strong market conditions with a 1.4% increase YoY in market overall rents.
- Conveniently located within the Philadelphia metro with over 260,000 residents within a 5-mile radius.
- Located less than 1 mile from Route 42 (178,864 VPD), NJ State Turnpike (53,440 VPD), and I-295.
Investment Overview
Marcus & Millichap is pleased to exclusively present 211 Benigno Blvd in Bellmawr, NJ located within the Interstate Business Park. The Subject Property is a 40,503 SF Office Building situated on 1.47 Acres. The building accommodates 5 suites. The property is undergoing significant renovations with built to suit fixtures for Concentra Urgent Care, who recently signed a 10-year lease term. Concentra currently has a lease restriction preventing leasing the remaining first floor vacancy to medical without their permission. Located in Camden County, the Subject Property is conveniently located within the Philadelphia Metro, maintaining strong demographics with market rents increasing 1.4% YoY.
Exclusively Listed By
Broker of Record
-
John Horowitz
First Vice President/ Division Manager
Financing By
