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1 Wilson Dr 11,098 SF 100% Leased Office Building Sparta, NJ 07871 $2,950,000 ($265.81/SF) 8% 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, multi-tenant medical and professional office building located in Sparta, New Jersey. The property consists of approximately 11,098 square feet and is situated within a well-established professional and industrial business park just off Route 15.
The building is occupied by a mix of medical and government tenants, providing a stable occupancy profile with a blend of NNN and gross lease structures and built-in rent increases.
The property offers ample on-site parking, elevator access, and functional layouts suited for medical and professional use. Its location within a destination-oriented office setting supports long-term tenancy for users prioritizing accessibility, parking, and overall functionality.
An attractive opportunity for investors seeking a stabilized office asset with in-place income and a strong tenant mix in a well-established Northern New Jersey market.
The building is occupied by a mix of medical and government tenants, providing a stable occupancy profile with a blend of NNN and gross lease structures and built-in rent increases.
The property offers ample on-site parking, elevator access, and functional layouts suited for medical and professional use. Its location within a destination-oriented office setting supports long-term tenancy for users prioritizing accessibility, parking, and overall functionality.
An attractive opportunity for investors seeking a stabilized office asset with in-place income and a strong tenant mix in a well-established Northern New Jersey market.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
11,098 SF
Building Class
B
Year Built
2007
Price
$2,950,000
Price Per SF
$265.81
Cap Rate
8%
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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