33-39 Kennedy Rd - Office FOR SALE


Andover, NJ 07821
$1,650,000 USD
732-232-4351
33-39 Kennedy Rd, Andover, NJ for Sale
$1,650,000 USD
Office - FOR SALE
1/5
null | 9.24% Cap Rate

33-39 Kennedy Rd
Andover, NJ 07821


HIGHLIGHTS

  • Value-Add Opportunity
  • Strategic Location
  • Limited Commercial Competition
  • Affluent Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Village Green Office Center located at 33-39 Kennedy Road in Andover, New Jersey (the “Property”). The Village Green Office Center was constructed in 1992 and has been meticulously maintained. The center contains two buildings and a total of 14,400 square feet of gross leasable area on a large 3.34-acre parcel. The Property has eighteen (18) suites and six storage units, and is 79.46% leased to a complimentary mix of local tenants that serve the needs of the area residents. The Village Green Office Center offers significant upside through the lease up of the vacant space. The highly visible Property is strategically located at the intersection of Maple Lane Road and Kennedy Road. The attractive and well maintained Property enjoys outstanding visibility and frontage with two points of access and is just 0.3-miles from Kennedy Road’s intersection with Decker Pond Road, the area’s two primary commuter corridors traversing Andover. The Property is 2.5-miles from Interstate 80 and enjoys convenient access to the larger commercial centers of Newton, Sparta, Hackettstown and Netcong, New Jersey. Andover is a township in Sussex County, New Jersey. Andover’s 21 square miles of beautiful countryside is home to just 6,500 residents and although rural in nature, Andover is located only 40 miles northwest of New York City and has quick access to major thoroughfares.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

9.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Village Green Office Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1992

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.34 AC

LAND SF

145,490 SF

ZONING

-

APN/PARCEL ID

08-00015-0000-00001

ASK ABOUT THIS PROPERTY

Michael LombardiHorvath & TremblayMore Info
732-232-4351

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

Michael LombardiHorvath & TremblayMore Info
732-232-4351

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