281 Summerhill Rd - Office FOR SALE


East Brunswick, NJ 08816
$3,333,000 USD
908-510-7089
281 Summerhill Rd, East Brunswick, NJ for Sale
$3,333,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

281 Summerhill Rd
East Brunswick, NJ 08816


OVERVIEW

FOR SALE: Freestanding ±16,028 SF Office Building on ±1.56 Acres. 281 Summerhill Rd. Presents a unique opportunity to purchase a fully leased and cash-flowing investment property in East Brunswick, NJ. The property is located at the intersection of Summerhill Rd, Ryders Lane, and Rues Lane, and is across from the Brunswick Square Mall. It is minutes from Routes 18, 9, and 516, with quick access to the NJTP Exit 9. The property is an ideal investment opportunity with stable leases in place and recent capital improvements completed. There are a total of 16 Tenant Spaces, which are all currently leased. The tenants are a mixture of medical, dental, and professional users. Spaces range in size from approx. 500SF- 2,000SF. The property is easy to manage and provides consistent and stable income. Ideal for any investor or 1031 exchange. Property Features: • ±16,028 SF on 2 Levels • ±1.56 Acres with two entrances from Summerhill Rd and one from Ryders Lane. • Parking for +80 Cars On-Site • 16 Tenant Spaces which are all leased • Improvements: Newer Roof, Upgraded HVAC and LED Parking Lights • Potential to Expand Existing Building by another 5K SF • Private Bathrooms in Each Space • Zoned OPC2 (Office Professional) permits all office and medical uses. • Real Estate Taxes: $56,322 per year • Asking $3,333,000 Investment details including rent roll and income/ expenses available upon request. Please contact Broker for more information or to schedule a site visit.

FOR SALE DETAILS

PRICE

$3,333,000 USD

PRICE/SF

$208 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Aaron Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,954 SF

ZONING

OP1

APN/PARCEL ID

04-00741-0000-00001-01

ASK ABOUT THIS PROPERTY

Brian WalshDavis CommercialMore Info
908-510-7089

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Brian WalshDavis CommercialMore Info
908-510-7089

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