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Value-Add Asset with Full Floor Availability 5 Eves Dr 45,239 SF 53% Leased Office Building Online Auction Sale Marlton, NJ 08053
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Investment Highlights
- Value add office investment with ±15,700 SF vacant full floor availability.
- New Tenant, Advantage Behavioral secured for ±35% of RBA, supported by strong healthcare demographics.
- Flexible IP zoning allowing medical, office, and professional uses.
- Positive in place cash flow with near term lease up and expansion upside.
- Efficient, elevator served building with 4.8 / 1,000 SF parking (ideal for medical users).
- Prime Marlton location with immediate access to Whole Foods, Route 73, 20 minutes from Center City Philadelphia, with access to I-295 & NJ Turnpike.
Executive Summary
Colliers is pleased to exclusively present for sale 5 Eves Drive, Marlton, Burlington County, New Jersey. 5 Eves is a 45,239-square-foot, three-story office building situated on 4.29 acres in one of South Jersey’s most established commercial corridors. The property is strategically located just off Route 73, providing immediate access to Interstate 295, the New Jersey Turnpike, and is less than 20 minutes from Center City Philadelphia. This location delivers exceptional regional connectivity, strong visibility, and proximity to a dense base of retail amenities and residential neighborhoods.
5 Eves presents a compelling value-add or owner-user opportunity. The Property is currently 53% leased and offers over 15,500 square feet of contiguous availability on the third floor, allowing for near-term upside through lease-up or single-tenant occupancy. The largest tenant, Advantage Behavioral, is a well-established medical practice operating 12 locations throughout the Mid-Atlantic region. Advantage Behavioral relocated to the Property in 2025, exemplifying the continued migration of healthcare and medical users to high-quality, accessible suburban office environments.
The property is well-positioned to accommodate medical and professional tenants, with a strong parking ratio of 4.8 spaces per 1,000 rentable square feet, exceeding typical suburban office standards and aligning well with healthcare demand.
The surrounding South Burlington office submarket remains healthy, with a vacancy rate of approximately 6.3%, outperforming historical averages and the broader Philadelphia metropolitan area. Market fundamentals are supported by limited new construction, disciplined supply, and stable rent growth, creating favorable conditions for owners and investors.
5 Eves is zoned IP (Industrial Park), providing exceptional flexibility. A wide range of uses are permitted as-of-right, including medical, research and development, light manufacturing, warehousing, office, and other industrial or flex uses. This zoning versatility enhances both near-term leasing optionality and long-term repositioning or redevelopment potential.
5 Eves presents a compelling value-add or owner-user opportunity. The Property is currently 53% leased and offers over 15,500 square feet of contiguous availability on the third floor, allowing for near-term upside through lease-up or single-tenant occupancy. The largest tenant, Advantage Behavioral, is a well-established medical practice operating 12 locations throughout the Mid-Atlantic region. Advantage Behavioral relocated to the Property in 2025, exemplifying the continued migration of healthcare and medical users to high-quality, accessible suburban office environments.
The property is well-positioned to accommodate medical and professional tenants, with a strong parking ratio of 4.8 spaces per 1,000 rentable square feet, exceeding typical suburban office standards and aligning well with healthcare demand.
The surrounding South Burlington office submarket remains healthy, with a vacancy rate of approximately 6.3%, outperforming historical averages and the broader Philadelphia metropolitan area. Market fundamentals are supported by limited new construction, disciplined supply, and stable rent growth, creating favorable conditions for owners and investors.
5 Eves is zoned IP (Industrial Park), providing exceptional flexibility. A wide range of uses are permitted as-of-right, including medical, research and development, light manufacturing, warehousing, office, and other industrial or flex uses. This zoning versatility enhances both near-term leasing optionality and long-term repositioning or redevelopment potential.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- 1. Financials
- 2. Property Information
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
45,239 SF
Building Class
B
Year Built
1985
Percent Leased
53%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
15,079 SF
Slab To Slab
14’
Building FAR
0.24
Lot Size
4.29 AC
Parcel Number
13-00002-07-00003
Zoning
IP - Commercial
Parking
226 Spaces (4.91 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Reception
- Central Heating
- Outdoor Seating
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
10,841
74,252
188,996
2020 Population
10,339
72,917
185,833
2030 Population
11,189
76,060
193,439
2025-2030 Projected Population Growth
3.2%
2.4%
2.3%
Daytime Employees
10,895
62,083
130,645
Total Businesses
1,748
7,605
15,906
Average Household Income
$130,580
$147,527
$145,460
Median Household Income
$107,203
$118,625
$116,689
Total Consumer Spending
$160.9M
$1.1B
$2.8B
Median Age
42.1
44.5
43.5
2025 Households
4,544
29,410
74,549
Percent College Degree or Above
30%
29%
29%
Average Home Value
$438,419
$464,191
$477,538
$ values in USD
Sale Advisors
Sale Advisors
Patrick Norris, Senior Vice President
Patrick Norris, Senior Vice President, has been part of the commercial real estate industry since 2016. He specializes in institutional, as well as private investor sale transactions throughout New Jersey and the surrounding tri-state metropolitan region. In addition to executing highly competitive traditional marketing campaigns, Patrick is an expert at selling properties via online auction platforms including Ten-X Commercial.
Patrick has been involved in the marketing and sale of office, retail, industrial and multi-family assets. He was recognized by Real Estate Weekly as a “2018 Rising Star of Real Estate”. Patrick was named to the Mid Atlantic Real Estate Journal’s 2022 “30 Under 30”. Also he received the Platinum Broker Award by Crexi.
Patrick is a member of National Association of Industrial and Office Professionals (NAIOP) Developing Leaders, Industrial and Office Real Estate Brokers Association (IOREBA) Next Gen and International Council of Shopping Centers (ICSC).
Patrick has been involved in the marketing and sale of office, retail, industrial and multi-family assets. He was recognized by Real Estate Weekly as a “2018 Rising Star of Real Estate”. Patrick was named to the Mid Atlantic Real Estate Journal’s 2022 “30 Under 30”. Also he received the Platinum Broker Award by Crexi.
Patrick is a member of National Association of Industrial and Office Professionals (NAIOP) Developing Leaders, Industrial and Office Real Estate Brokers Association (IOREBA) Next Gen and International Council of Shopping Centers (ICSC).
Jacklene Chesler, Vice Chair
Jacklene serves as Vice Chair and provides Investment Sales & Advisory expertise to institutional and private investors. She focuses on all major product types including Office, Industrial, Retail, Residential/Mixed Use and Land. She has vast experience in working with Special Servicers (Loan and REO teams), Asset Mangers and other Fidicuciary Agents on CMBS and balance sheet properties, and other type of distressed assets. She is also very active with marketing and selling properties via online auctions, most notable Tenx.com.
Jacklene joined the firm in 2013. Prior to Colliers, she was a Director for the NKF Capital Markets Tri-State Team from 2008 to 2013. She has been a top 10% producer for Colliers from 2014 to current year and recognized for this achievement by being part of the prestigious Everest Club.
Jacklene joined the firm in 2013. Prior to Colliers, she was a Director for the NKF Capital Markets Tri-State Team from 2008 to 2013. She has been a top 10% producer for Colliers from 2014 to current year and recognized for this achievement by being part of the prestigious Everest Club.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Pace Zambito
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Value-Add Asset with Full Floor Availability | 5 Eves Dr
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