Property Details
Price :
Square Feet :
Cap Rate :
$22,117,000
79,147
6.46%
NOI :
Acres :
$1,429,422
5.36
Property Type :
Property Status :
Mixed-Use
Under Agreement
Investment Highlights
- The Shoppes at Colonial Village is a Rare 79,147 SF Retail/Office complex (5 total buildings) located in the heart of Edison, Middlesex County, New Jersey
- 5.36 acres of land at the signalized intersection of Route 27 (Lincoln Highway) and Parsonage Road – Over 38K cars/day
- Currently 95% occupied with over 50 tenants diversifies rental income
- Upside in renting existing vacancies as well as increasing rents for the many below market rentals at the complex
- Extraordinarily well-maintained property
- Located approximately 1 mile to MetroPark and 1 ¼ miles to the Garden State Parkway
- Directly across from JFK medical center (499 beds)
- Less than 1 mile to Menlo Park Mall and Route 1
- Outstanding demographics with over 315K people within 5 miles and an average household income over $162K within 1-mile
Street View
Listing Contacts
