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Broadway Business Center 1010 Rose Ave 12,220 SF 100% Leased Flex Building Runnemede, NJ 08078 $1,485,000 ($121.52/SF) 6.24% Cap Rate
Investment Highlights
- This 12220 SF Flex building broken into 6 SEPARATE units that are currently fully leased with Positive Cash Flow.
- 5 mins from Interstate 295.
- 2 minutes from Exit 3 to NJTP .
- Many of these Units have had their HVAC and Electric Services updated in the past 10 years.
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 about 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.
Willing to Co-Op
The asset benefits from excellent highway access, located approximately 2 minutes from Exit 3 of the New Jersey Turnpike and about 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.
Willing to Co-Op
Property Facts
Amenities
- Signage
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating - Gas
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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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