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1215 Livingston Ave
North Brunswick, NJ 08902
Office Property For Sale
Investment Highlights
- Fully Occupied with Value-Add Opportunity
- Well-Maintained, Elevator-Serviced Building
- 50 Parking Spaces
Executive Summary
Well-maintained, elevator-served office building offered at a 7.65% cap rate on current income of $143,460 NOI.
The property is 100% occupied across 17 suites, providing investors with immediate cash flow and potential value-add opportunity.
Located in North Brunswick Township's established General Office corridor, the building benefits from strong regional demand and consistent tenant retention. Current rents are have not been aggressively increased, presenting a potential opportunity for investors to achieve a higher NOI. Prospective buyers are encouraged to independently verify current market rents and conduct their own underwriting.
A well-performing, income-producing asset with potential value-add opportunity, in a proven Central New Jersey office market.
The property is 100% occupied across 17 suites, providing investors with immediate cash flow and potential value-add opportunity.
Located in North Brunswick Township's established General Office corridor, the building benefits from strong regional demand and consistent tenant retention. Current rents are have not been aggressively increased, presenting a potential opportunity for investors to achieve a higher NOI. Prospective buyers are encouraged to independently verify current market rents and conduct their own underwriting.
A well-performing, income-producing asset with potential value-add opportunity, in a proven Central New Jersey office market.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
19,000 SF
Building Class
B
Year Built/Renovated
1970/2010
Price
$1,875,000
Price Per SF
$98.68
Cap Rate
7.65%
NOI
$143,460
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,405 SF
Building FAR
0.45
Lot Size
0.98 AC
Zoning
GO - GO-General Office: https://ecode360.com/8533198
Parking
54 Spaces (2.84 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $765,200 | |
| Land Assessment | $184,800 | Total Assessment | $950,000 |
Property Taxes
Parcel Numbers
Land Assessment
$184,800
Improvements Assessment
$765,200
Total Assessment
$950,000
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