Excellent opportunity for an owner user to purchase with income in place. Building is 26% occupied as of 2/6/25 with Bank of America as the anchor tenant with 5+ years remaining term with renewal options. Current income of over $37k/month in place. The remaining building has between 44,100 SF of premier office/medical space, available. Located at 1230 Parkway Ave on the boarder with PA just 11 min from downtown Trenton, 22 min from Princeton at the intersection of Parkway and Scotch roads this property is surrounded by retail shops, restaurants, banks, drug stores, health care offices and more . Situated at the corner with WaWa, Suburban Squared and NJ Federal Credit union and located directly across from Ewing’s newly built town center the property is surrounded by redevelopment happening on all sides especially residential projects. Property has great access to 295 and surrounding areas is situated on 6 acres of paved striped parking with curbs and set behind lush mature landscaping. Rent Roll: $27,882 plus CAM charges $8,221,
Total Monthly Rent Roll: $36,103 monthly.
Total Annual Rent Roll: $433,236 (27% occupied)
NOI: $111,231.96
Current CAP: 2%
PSEG: $10,000/month average (probably look into grants for energy efficiency there)
Water: is $500.00/month
Taxes $14,666.67/month (could be reduced as well)
Insurance: $1,667/month
Total Monthly: $26,833.67
Total Annually $322,004.04