Price $679,000
Building Size 6,000 SF
Price/SF $113.17
Property Type Office
Property Sub-type Institutional/Governmental
Property Use Type Net Lease Investment with 6 years left on lease
Cap Rate 8%
Occupancy 95%
No. Stories 2
Building Class B
Tenancy Multiple
Description
2 story office building with elevator which houses Warren County Offices. Large off street parking behind the building. Building is in very good condition. The property is located in the middle of the town 1 block from the Warren County Court House.
Highlights
- Just renewed a 5 year lease with the State of New Jersey
- Near to the Court House
- Elevator
- Off street parking
Financial Summary (Actual)
Year 2015
Scheduled Gross Income $72,835
Effective Gross Income $72,835
Operating Expenses $17,988
Net Operating Income $54,847
Major Tenant Information
Tennant State of New Jersey
SF Occupied 5,500
Lease End Date 01/31/2021
Contact Listing Broker
Mark Reda
1-610-517-1448
markreda1@yahoo.com