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Bldg 1 1 Laurel Dr 19,830 SF Office Building Flanders, NJ 07836 $3,600,000 ($181.54/SF) 4.97% Cap Rate
EXECUTIVE SUMMARY
Prime B Class Office Building with secured single tenant with 5 year lease. This property features large acreage with possible expansion possibility. On major transportation route and just minutes to I-80 interchange. Huge upside in CAP when building is converted to NNN for next tenant. Fully updated and superbly maintained with 125 paved parking spots and monument signage.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
19,830 SF
Building Class
B
Year Built
1986
Price
$3,600,000
Price Per SF
$181.54
Cap Rate
4.97%
NOI
$178,920
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
9,150 SF
Building FAR
0.08
Lot Size
5.87 AC
Zoning
L-1 - Commercial Office
Parking
125 Spaces (6.3 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Controlled Access
- Security System
- Signage
- Reception
- Air Conditioning
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- State of New Jersey
- -
-
99,999 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| State of New Jersey | - | 99,999 SF | - | - |
PROPERTY TAXES
| Parcel Number | 27-05401-0000-00025 | Improvements Assessment | $810,400 |
| Land Assessment | $489,600 | Total Assessment | $1,300,000 |
PROPERTY TAXES
Parcel Number
27-05401-0000-00025
Land Assessment
$489,600
Improvements Assessment
$810,400
Total Assessment
$1,300,000
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Bldg 1 | 1 Laurel Dr
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