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1 Wilson Dr 11,098 SF 100% Leased Office Building Sparta, NJ 07871 $2,888,888 ($260.31/SF) 8.17% Cap Rate
Investment Highlights
- 100% occupied, income-producing asset
- NNN + gross lease structure
- Turnkey investment opportunity
- Diversified tenant mix (medical and government)
- In-place cash flow with future rent growth
Executive Summary
Fully leased investment opportunity featuring a strong mix of medical, professional, and government tenancy in Sparta, New Jersey.
1 Wilson Drive consists of approximately 11,098 square feet and is situated within a well-established professional business park just off Route 15, providing convenient access throughout Sussex, Morris, and Warren Counties.
The property offers investors immediate in-place income through a combination of NNN and gross lease structures, reimbursement income, and scheduled rent increases.
The building is currently 100% occupied and benefits from a history of long-term tenancy, providing stable cash flow and an attractive cap rate with future income growth potential.
An excellent opportunity to acquire an income-producing asset in one of Sussex County's most established professional office locations.
1 Wilson Drive consists of approximately 11,098 square feet and is situated within a well-established professional business park just off Route 15, providing convenient access throughout Sussex, Morris, and Warren Counties.
The property offers investors immediate in-place income through a combination of NNN and gross lease structures, reimbursement income, and scheduled rent increases.
The building is currently 100% occupied and benefits from a history of long-term tenancy, providing stable cash flow and an attractive cap rate with future income growth potential.
An excellent opportunity to acquire an income-producing asset in one of Sussex County's most established professional office locations.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,098 SF
Building Class
B
Year Built
2007
Price
$2,888,888
Price Per SF
$260.31
Cap Rate
8.17%
NOI
$236,004
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,549 SF
Building FAR
0.14
Lot Size
1.85 AC
Zoning
E-D - commercial
Parking
57 Spaces (5.14 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Air Conditioning
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 18-12006-0000-00024 | Improvements Assessment | $1,010,000 |
| Land Assessment | $185,000 | Total Assessment | $1,195,000 |
Property Taxes
Parcel Number
18-12006-0000-00024
Land Assessment
$185,000
Improvements Assessment
$1,010,000
Total Assessment
$1,195,000
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1 Wilson Dr
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