417 Madison Ave - Office FOR SALE


Woodbine, NJ 08270
$395,000 USD
609-816-1517
417 Madison Ave, Woodbine, NJ for Sale
$395,000 USD
Office - FOR SALE
1/3
null | 7.59% Cap Rate

417 Madison Ave
Woodbine, NJ 08270


OVERVIEW

Formerly owner occupied industrial property, the occupant business was sold to current tenant 4+ years ago, a long time established canopy/ awning business. This is Real estate only investment sale. Lease is modified gross rental, which includes re tax and insurance. NOI is approximate as lease has 2% annual escalations in October 2025. 3 buildings all occupied over 30 years by same business, with lease renewal for 5 years. Buildings comprise approximately 8426+ SF of floor space plus additional loft area of approx. 900 sf. Building 1 houses the main office of approx. 1,144 SF which is oil fired baseboard with separate package ac units. Buildings 2 & 3 are production facilities with propane fired heat.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$102 USD /SF

CAP RATE

7.59%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Building 1

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,191 SF

ZONING

DLIM

APN/PARCEL ID

16-00071-0000-00002

ASK ABOUT THIS PROPERTY

Samantha Zerafa RoesslerForesite Commercial RealtyMore Info
609-816-1517

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Samantha Zerafa RoesslerForesite Commercial RealtyMore Info
609-816-1517

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