The Plaza Grande at Garden State Park

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 and stabilize cash flow. The asset generates a Net Operating Income (NOI) of $7,782,060, with room for growth through lease-up and potential rent adjustments. The property benefits from its strategic location in Cherry Hill, providing excellent access to major highways, employment centers, and retail amenities.

The diverse unit mix of one-, two-, and three-bedroom layouts caters to a broad tenant base, enhancing leasing velocity. With a strong foundation in place, this offering presents a compelling value-add opportunity for investors seeking stabilized returns and long-term appreciation potential in a high-demand market. Unpriced offering, available for qualified investors.