50 Lake Center Drive
Marlton, NJ 08053
As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 50 Lake Center Drive (“the Property”) for sale. This four-story, boutique office building totals 88,895 SF and is one of the most recently constructed office buildings in the submarket. As such, the Building provides potential users / tenants with exceptional quality product and unrivaled visibility, signage options, and rare lake views – all located within one of the area’s most desirable and well-known office destinations.
50 Lake Center Drive represents a value-add investment opportunity via amenity package enhancement and implementation, along with the opportunity to stabilize the rent roll and grow NOI by nearly $1.1MM within 5 years via lease-up of approximately 57,000 SF of available space. Investors will benefit from 32,209 SF of recent leasing velocity at the Property, providing an attractive 6.5 year WALT on in-place tenancy. Additionally, this income can also offset costs of ownership for potential owner-occupants.
The Property is located in Marlton, NJ - just 15 miles outside of Philadelphia – and sits at the crossroads of Routes 70 and 73, just minutes from the NJ Turnpike (Exit 4) and I-295. This location provides immediate highway access to both Central and Southern NJ, Pennsylvania, and the entire Delaware Valley region. Within a three-mile radius of the property, the population density is 2,610 per square mile (more than twice the average for the state of NJ) and average household income is $137,991.
• Highest Quality Boutique Asset in the Region | Built in 2006; One of the Most Recently Constructed Buildings Within a 5-Mile Radius
• Regional Location + Proximity to Amenities & Services | 15 Miles from Philadelphia
• Ability to Increase NOI
• User Potential | Exceptional Signage Opportunity and Ideal Size and Scale for User