Property Details
Price :
Square Feet :
Cap Rate :
$11,738,000
95,301
10.00%
NOI :
Acres :
$1,173,789
7.70
Property Type :
Property Status :
Office
Available
Investment Highlights
- Attractive Acquisition Basis at $123/SF | 10.0% In-Place Cap Rate — In-place NOI of $1,173,789 with projected stabilization to a 10.7% cap rate upon lease-up of the remaining vacancy.
- 22% of In-Place Rent Signed in 2026 — Three leases totaling 18,769 SF commenced in 2026, including the highest rental rate currently achieved at the Property.
- 89% Leased to 14 Tenants — Largest tenant occupies approximately 19% of the building, supporting a well-diversified rent roll.
- 10,644 SF Immediate Lease-Up Opportunity — Three available suites, including a contiguous 7,362 SF block, provide measurable near-term upside.
- Professional Office Tenant Base — Legal (20%), Healthcare (11%) and Accounting (11%) represent the largest industry concentrations within a diversified roster of professional office tenants.
- Three Tenants With Documented Renewal History — Association Headquarters, Gotleib & Associates and Keystone Digital Imaging have occupied the Property since 2012–2014, demonstrating long-term tenant retention.
- Approximately 4.0-Year Weighted Average Lease Term — Income-weighted WALT as of June 30, 2026.
- Limited Near-Term Lease Rollover — Only two tenant suites expire prior to 2028, limiting near-term rollover exposure.
- 95,301 SF Office Building | Built 1987 | Renovated 2011 — Four-story office building situated on approximately 7.70 acres with approximately 375± surface parking spaces (3.93/1,000 SF).
- Signalized Corner Along Route 73 — Immediate access to I-295, the New Jersey Turnpike, Routes 38 and 70.
Street View
Listing Contacts
