Mount Laurel GSA Portfolio_Property for Sale
Mount Laurel GSA Portfolio_Property for Sale
532 Fellowship Rd, Mount Laurel, NJ, 08054-3416, US

Mount Laurel GSA Portfolio

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), has been retained on an exclusive basis to arrange the sale of the Mount Laurel GSA Portfolio (the “Portfolio” or “Offering”), a three-building office portfolio totaling 82,102 square feet, located at 530-534 Fellowship Road, directly off Route 73 in the premier location of Mount Laurel, New Jersey.


The Offering is 100% leased to five tenants and is anchored by the United States government’s General Services Administration (“GSA”); The Department of Homeland Security, Social Security Administration (SSA), US Immigration and Customs Enforcement (ICE) represent 69.8% of the rentable square footage while the remaining space is leased to Honeywell, and Prime Source Investigations. The three GSA tenants and Honeywell anchor approximately 96% of the campus and have a weighted average remaining lease term of over 3.5 years. With an average in-place tenancy exceeding 10 years, investors have the opportunity to enhance value by extending leases for tenants who have demonstrated a commitment to this location.


Ideally situated on 8.44 acres, the Mount Laurel GSA Portfolio offers a campus environment amidst the many local amenities required by the most discerning tenants in Southern New Jersey. In addition to its immediate access to Route 73, the assets benefit from its proximity to Route 70, 38, Interstate 295 and the New Jersey Turnpike, as well as a direct 20-minute commute to Center City Philadelphia.

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Attributes

Building area net
82,102 sf
Occupancy
100%
Year built
1984
Land area net
8.8 acres

Media

Investment Highlights

  • Mission Critical Location for GSA Operations
  • Strong, Investment Grade Anchor Tenancy
  • Income Producing Solar Energy System
  • Favorable "3M" Submarket Fundamentals
  • Unparalleled Access & Superior Local Area Amenities
Mount Laurel GSA Portfolio 4_Property for Sale
Mount Laurel GSA Portfolio 4_Property for Sale

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Mount Laurel GSA Portfolio (0 Properties)

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Last updated
19 Jul 2024