114 Central Ave - Flex FOR SALE


Westfield, NJ 07090
$4,400,000 USD
908-604-6900
114 Central Ave, Westfield, NJ for Sale
$4,400,000 USD
Flex - FOR SALE
1/5
null | Request Cap Rate

114 Central Ave
Westfield, NJ 07090


OVERVIEW

Prominent 94% leased and occupied, professionally managed and well maintained two-story mixed-use retail & office building totaling 10,600 SF. Prime corner location which affords outstanding visibility to pedestrians and vehicular traffic within the highly regarded downtown Westfield. The building has achieved long term stabilization and serves a densely populated area with a substantial daytime population. Existing retail tenants include N&C Jewelers, Learning Express Toy, Reves Smoothie Bar, and T-Mobile, while also being situated adjacent Warby Parker, Starbucks, Athleta and Banana Republic along other prominent retailers and restaurants. This acquisition is a prime 1031 Exchange and value add opportunity.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$415 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15

LAND SF

6,399

ZONING

CBD

APN/PARCEL ID

20-03106-0000-00013

ASK ABOUT THIS PROPERTY

Christian HarringtonSilbert Realty & Management Co., Inc.More Info
908-604-6900

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Christian HarringtonSilbert Realty & Management Co., Inc.More Info
908-604-6900

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.