3 Adp Blvd - Office FOR SALE


Roseland, NJ 07068
$16,397,350 USD
332-345-4222
3 Adp Blvd, Roseland, NJ for Sale
$16,397,350 USD
Office - FOR SALE
1/2
null | 8% Cap Rate

3 Adp Blvd
Roseland, NJ 07068


HIGHLIGHTS

  • Brand-New Lease Extension
  • Heavy Tenant Improvements & Investment
  • Recent Significant Building Improvements

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a DISH Network property located at 3 ADP Boulevard, Roseland, NJ 07068. The site consists of roughly 81,134 rentable square feet of building space on an estimated 5.7-acre parcel of land. This property was originally subjected to a 10.75-year Double Net (NN) lease, which commenced 12/1/2013. Recently, the lease received a new 5-year extension. The base rent was increased from $721,961 to $1,199,071, demonstrating tenant commitment to the location and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$16,397,350 USD

PRICE/SF

$202 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dish Network

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

283

LAND DETAILS

LAND ACRES

5.7 AC

LAND SF

248,292 SF

ZONING

-

APN/PARCEL ID

1800030 100012

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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