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Broadway Business Center 1010 Rose Ave 12,220 SF 100% Leased Flex Building Runnemede, NJ 08078 $1,698,000 ($138.95/SF) 5.40% Cap Rate
Investment Highlights
- 5 mins from Interstate 295.
- Updated HVAC and Electric Services in the past 10 years.
- 2 minutes from Exit 3 to NJTP .
Executive Summary
After 25 years of operation, the owners are retiring and offering their fully leased multi-tenant flex building for sale. The property is comprised of six (6) individual units, with unit sizes as follows: Unit A (1800+/- SF), Unit B (2700 +/- SF), Unit C (2700 +/- SF), Unit D (1200 +/-SF), Unit E (800 +/-SF), and Unit F (3000 +/- SF). Unit B can be broken down further into B1 (750 +/- SF) and B (1950 +/- SF).
The asset benefits from excellent highway access, located approximately 2 minutes from Exit 3 of the New Jersey Turnpike and 5 minutes from I-295. The property offers flexibility for an owner-user to occupy space or for an investor to continue operations as an income-producing asset, supported by a diverse and stable tenant mix.
Deposit required in escrow for financials.
The asset benefits from excellent highway access, located approximately 2 minutes from Exit 3 of the New Jersey Turnpike and 5 minutes from I-295. The property offers flexibility for an owner-user to occupy space or for an investor to continue operations as an income-producing asset, supported by a diverse and stable tenant mix.
Deposit required in escrow for financials.
Property Facts
Amenities
- Signage
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating - Gas
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 30-00023-0000-00002-01 | Improvements Assessment | $388,100 |
| Land Assessment | $89,600 | Total Assessment | $477,700 |
Property Taxes
Parcel Number
30-00023-0000-00002-01
Land Assessment
$89,600
Improvements Assessment
$388,100
Total Assessment
$477,700
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Broadway Business Center
Broadway Business Center | 1010 Rose Ave
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