3071 Bordentown Ave - Office FOR SALE


Parlin, NJ 08859
$7,500,000 USD
908-510-7089
3071 Bordentown Ave, Parlin, NJ for Sale
$7,500,000 USD
Office - FOR SALE
1/20
null | 8.68% Cap Rate

3071 Bordentown Ave
Parlin, NJ 08859


HIGHLIGHTS

  • NNN Lease w/ 8 years Remaining
  • 8% CAP Rate at Asking Price w/ Annual Increases
  • 30,000 SF w/ 10,000 SF on Each Level
  • Built in 2003 w/ Recent Upgrades
  • Parking for 80+ w/ Overflow Parking
  • Prime Location between Route 9 & the GSP

OVERVIEW

Investment Highlights: 3071 Bordentown Ave presents a unique investment opportunity to purchase a fully leased 30,000SF +/- Freestanding Professional Building/School. The tenants have recently renewed and have 8 years remaining. The lease is NNN, with minimal to no landlord responsibilities. The income provides a +8% CAP rate at the asking price with built in annual escalations. Property Highlights: Built in 2002, the property has 3 nicely finished levels accessible w/ an ADA compliant elevator. Currently occupied by a school, the property is located in a B-2 (General Business Zone) which permits a wide range of uses. Property Features: • 30,000 Total SF w/ 10,000 SF on each Level • ADA Compliant Elevator • Multiple Bathrooms, Utility Sub-Metering, and Zoned Heating/ Cooling on Each Level • Large Meeting/Multi-Purpose Room on Lower Level • Commercial Kitchen w/ Fire Suppression Hood • Parking for 80+ w/ Overflow Shared Parking • Two Separate Entrances w/ Secure Receptions • Fully Sprinklered Throughout • Outdoor Playground for School/Child Uses • Windows Throughout the Perimeter of Each Level providing Natural Light • Nice Pylon Signage w/ Visability • Customizable Floorplan for Multiple Office Users which can be divided into 2,500 SF Quadrants • Numerous Large Office/ Classrooms • Constructed in 2003, so entire building is less than 20 years old • Zoned B-2 • Real Estate Taxes: $85,653 per year ($2.86 PSF) Floorplans Available As Attachments • Property is ideal for Investor with potential for future owner occupant. Prime location on Bordentown Ave. between Cheesequake and Ernston. Minutes from Route 9 and the GSP w/ Quick access to North Jersey, NYC, and the Jersey Shore. Call for More Information or to Schedule A Tour

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

8.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

2.17 AC

LAND SF

94,525 SF

ZONING

B-2

APN/PARCEL ID

19-00033-0000-00004-08

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.