121,000 SF, 7-Story Class A Office Building, +-85% occupied, Philadelphia MSA

Highlights:

• Attractive Value Proposition: Priced substantially below replacement cost, Liberty View offers a compelling value-add opportunity with approximately 85% occupancy spread across 17 diverse tenants—including leading law firms, professional organizations, financial services, and medical practices.
• Best-in-Class & Prominent: Recognized as the tallest and most prominent office building in the area, Liberty View sets the benchmark for quality and design.
• Prestigious Location: Situated in the coveted Cherry Hill Retail Corridor—nestled between PREIT's Cherry Hill Mall and Edgewood's Town Place at Garden State Park—this prime address attracts both top-tier office occupants and investors seeking exceptional value.
• High Visibility & Traffic: Located diagonally across from the 1.3 million SF Cherry Hill Mall, with Haddonfield Road witnessing 38,000 vehicles/day and Route 38 over 58,000 vehicles/day, ensuring maximum exposure and accessibility.
• Robust Market Fundamentals: Located in affluent Cherry Hill, NJ—the top suburban office market near Philadelphia—with a mature office market boasting over 6 MSF of total inventory and high barriers to entry.

Description:

RI Marketplace Online Auction March 24-26, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2380/121-000-sf-7-story-class-a-office-building-85-occupied-philadelphia-msa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=office_2380

Marcus & Millichap in conjunction with RealInsight Marketplace, is pleased to offer for sale Liberty View, 457 Haddonfield Road, Cherry Hill, NJ , a best-in-class, 7 story office building comprising 121,000 SF.

Liberty View tenants include multiple law firms, financial services, medical tenants, with risk spread out among (17) tenants, and at +- 85% occupancy, provides upside in leasing the vacant space. Mature office market with over 6 MSF of total inventory and high barriers of entry.

Prime location at the junction of Haddonfield Road and Route 38, diagonally across from the Cherry Hill Mall (1.3 million SF) with other nearby national retailers including Target, Kohl's, and Hobby Lobby and 7 miles to center city Philadelphia. Easy access and great exposure with Haddonfield Road over 38,000 cars/day and Route 38 has over 58,000 cars/day. 475 parking spaces on 5.07 acres of land and excellent demographics with over 304,000 people within 5 miles and a 1-mile average household income over $104,000.

Peter Costanzo
c/o Fisher Auction Company, Inc.
License: BK No. 8910502

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