Listing banner image
  • Property Type
    MultifamilyProperty Type
  • NOI
    $7,782,060NOI
  • Total Units
    507Total Units
  • Avg. Unit Size (SF)
    1,106 SFAvg. Unit Size (SF)
  • Avg. Rent ($/mo)
    2,430 $/moAvg. Rent ($/mo)
  • Year Built
    2017-2025Year Built

Description

The Plaza Grande at Garden State Park is a multifamily investment opportunity located in Cherry Hill, NJ, a robust submarket within the Philadelphia metropolitan area. Spanning 33.82 acres, the property comprises 507 units with an average size of 1,106 square feet and average rents of $2,430, offering potential upside compared to market rents.

Constructed in phases between 2017 and 2025, this asset features modern finishes and amenities aligned with tenant demand. The property is currently 71% occupied, with 560,918 square feet available, presenting an opportunity to increase occupancy...

Documents

Offering Summary

  • Asking Price
    UnPriced
  • Property Type
    Multifamily
  • Size
    1,473,199 SF
  • Available
    560,918 SF
  • Occupancy
    71%
  • Built
    2017-2025
  • Total Acres
    ~33.82 ac

Sale Details

  • NOI
    $7,782,060

Documents

Property Address

700 Citation Lane
Cherry Hill, NJ 08002

Property Details

  • Property Type
    Multifamily
  • Total Units
    507
  • Occupancy
    71%
  • Unit Mix
    3BR... 3BR, 2BR, 1BR
  • Average Unit Size
    1,106 SF
  • Average Rent
    2,430 $/mo
  • Year Built
    2017
  • Acres
    33.82

Property Details

  • Property Type
    Multifamily
  • Total Units
    507
  • Occupancy
    71%
  • Unit Mix
    3BR... 3BR, 2BR, 1BR
  • Average Unit Size
    1,106 SF
  • Average Rent
    2,430 $/mo
  • Year Built
    2017
  • Acres
    33.82

Deal Team

Michael Collins profile image
Michael Collins
Managing Director Managing Director
NH RE Lic. #NA

Description

The Plaza Grande at Garden State Park is a multifamily investment opportunity located in Cherry Hill, NJ, a robust submarket within the Philadelphia metropolitan area. Spanning 33.82 acres, the property comprises 507 units with an average size of 1,106 square feet and average rents of $2,430, offering potential upside compared to market rents.

Constructed in phases between 2017 and 2025, this asset features modern finishes and amenities aligned with tenant demand. The property is currently 71% occupied, with 560,918 square feet available, presenting an opportunity to increase occupancy...

Documents

Offering Summary

  • Asking Price
    UnPriced
  • Property Type
    Multifamily
  • Size
    1,473,199 SF
  • Available
    560,918 SF
  • Occupancy
    71%
  • Built
    2017-2025
  • Total Acres
    ~33.82 ac

Sale Details

  • NOI
    $7,782,060

Documents

Property Address

700 Citation Lane
Cherry Hill, NJ 08002

Property Details

  • Property Type
    Multifamily
  • Total Units
    507
  • Occupancy
    71%
  • Unit Mix
    3BR... 3BR, 2BR, 1BR
  • Average Unit Size
    1,106 SF
  • Average Rent
    2,430 $/mo
  • Year Built
    2017
  • Acres
    33.82

Property Details

  • Property Type
    Multifamily
  • Total Units
    507
  • Occupancy
    71%
  • Unit Mix
    3BR... 3BR, 2BR, 1BR
  • Average Unit Size
    1,106 SF
  • Average Rent
    2,430 $/mo
  • Year Built
    2017
  • Acres
    33.82

Deal Team

Michael Collins profile image
Michael Collins
Managing Director Managing Director
NH RE Lic. #NA
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