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490 Cooper Landing RdCherry Hill, NJ 08002
490 Cooper Landing Road
Asset ClassHealthcare Facility, Senior Housing
HOSPITAL ANCHORED FORMER SKILLED NURSING + MEMORY CARE FACILITY | HOSPITAL-ADJACENT | CHERRY HILL, NJ | GREATER PHILADELPHIA | PROPERTY IS BEING SOLD VACANT WITH NO INCOME OR OPERATOR
overview of deal

Overview

Newmark (NMRK), as exclusive representative, is pleased to present the opportunity to acquire 490 Cooper Landing Road, a former skilled nursing and memory care facility in Cherry Hill, New Jersey. The property sits just 15 minutes from downtown Philadelphia and includes a total of 88 units, including 72 Alzheimer’s units and 16 memory care units on 5.46 acres. The facility has live-in residential amenities including a beauty salon, activity areas, library and an event room. The property has been institutionally owned and operated and as a result, the buildings and grounds are in great condition.

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Investment Highlights

  • O1 (LIMITED OFFICE) ZONING WHICH ALLOWS FOR MANY DIFFERENT OFFICE AND MEDICAL CARE SERVICES
  • THE PROPERTY SITS 15 MINUTES FROM DOWNTOWN PHILADELPHIA, 90 MINUTES FROM NYC AND 45 MINUTES FROM WILMINGTON, DE
  • PHILADELPHIA INTERNATIONAL AIRPORT IS WITHIN A 30-MINUTE DRIVE
  • INSTITUTIONALLY OWNED, OPERATED AND MAINTAINED PROPERTY IN EXCELLENT CONDITION.
  • CLOSE ACCESS TO I-295, NJ TURNPIKE, RT 70 & RT 38
  • THE SITE IS ADJACENT TO THE RECENTLY COMPLETED JEFFERSON HEALTHCARE HOSPITAL AND MEDICAL CENTER
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490 Cooper Landing RdCherry Hill, NJ 08002
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