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Marcus & Millichap Sells Fully Leased Medical Office At 100 Lexington Road For $2.5M
SOLD
$2,500,000
New Jersey
See Similar DealsMedical Office10,193 SF
Sold 05/06/2025
SOLD
Marcus & Millichap Sells Fully Leased Medical Office At 100 Lexington Road For $2.5M
100 Lexington Road
See Similar DealsMedical Office10,193 SF
Sold 05/06/2025
Summary
NEW JERSEY
Asset Type:Medical Office
Price Per Square Foot:$245
Total Square Footage:10,193 SF
Transaction Type:Sale
A private investor sold a fully leased medical office building at 100 Lexington Road in Swedesboro. The sale price was $2,500,000 for a total square footage of 10,193 and a price per square foot of $245.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $2,500,000
- Square Footage: 10,193
- Price per Square Foot: $245
- Address: 100 Lexington Road
- Market: Swedesboro
- Brokers: Derrick Dougherty, John Horowitz & Mark Krantz - Marcus & Millichap
The property is anchored by Inspira Health and is strategically located near major highways and a planned residential development. Marcus & Millichap represented both sides in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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