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139 South St 23,000 SF 100% Leased Office Building New Providence, NJ 07974 $4,800,000 ($208.70/SF)
Investment Highlights
- Close to Downtown
- Plenty of Parking
- Minutes to Major Highways
Executive Summary
139 South Street presents a rare opportunity to acquire a well-maintained, fully occupied office building in the heart of New Providence's thriving business district. This approximately 23,000-square-foot property offers stable in-place cash flow, an excellent tenant mix, and a compelling opportunity to substantially increase income through the future build-out of the existing third floor.
The building is currently 100% occupied providing investors with immediate, dependable cash flow. The framed and enclosed third floor is already served by an elevator and existing building infrastructure, creating a unique opportunity to add approximately 5,600 square feet of additional leasable office space. Once completed and leased, this expansion has the potential to significantly increase rental income and overall asset value.
Situated on one of New Providence's primary commercial corridors, the property enjoys outstanding visibility, convenient access to major highways, and is within walking distance of downtown restaurants, retail, and the New Providence train station, providing direct service to New York City. The property also benefits from ample on-site parking and a professional appearance that continues to attract quality office tenants.
Investment Highlights:
Approximately 23,000 SF multi-tenant office building (17,000+ SF of rentable space and storage on 1st and 2nd floor with an additional 5600+ SF of rentable 3rd floor expansion potential)
100% occupied with stable, diversified tenancy
Existing framed and enclosed third floor with approximately 5,600+ SF of rentable expansion potential
Elevator service to all floors
Excellent parking and accessibility
Prime New Providence location near downtown amenities and NJ Transit
Significant upside through lease-up of future third-floor space
Strong long-term investment in one of Union County's most desirable office markets
Whether acquired as a stable income-producing investment or as a strategic value-add opportunity, 139 South Street offers investors the rare combination of immediate cash flow, future income growth, and long-term appreciation potential in a highly sought-after suburban office market.
Data Room Click Here to Access
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Storage Space
- Partitioned Offices
- Monument Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ecladent Dental Studio
- Health Care and Social Assistance
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99,999 SF
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Jan 0000
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- Finance and Insurance
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99,999 SF
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Jan 0000
Modera Wealth Management traces its roots to 1983, when its predecessor firm established itself as one of the country's first fee-only advisory practices, and the business has continued as an independent, fee-only registered investment adviser. The company provides wealth management, investment management, financial planning, tax planning, and estate planning, with services built around fiduciary advice and personalized portfolio work. Modera serves individuals, families, businesses, nonprofit institutions, and retirement plan sponsors, reflecting a broad advisory model that spans personal and institutional client needs. Modera operates as a sizeable U.S. wealth management platform with a broad client base and significant assets under management.
- New Providence Family Practice
- Health Care and Social Assistance
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99,999 SF
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Jan 0000
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- Construction
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99,999 SF
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PCD Capital, LLC is the parent company in the PCD family. In addition to being the Managing Member of PCD Development, PCD Capital has investments in a variety of real estate assets and development sites. It is also the owner of Diversified Realty Advisors, LLC and CEO Suites, Inc. Jonathan Stein is the Founding and Managing Member of PCD Capital, LLC and its subsidiaries and affiliates.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ecladent Dental Studio | Health Care and Social Assistance | 99,999 SF | - | Jan 0000 | ||
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Finance and Insurance | 99,999 SF | - | Jan 0000 | ||
| New Providence Family Practice | Health Care and Social Assistance | 99,999 SF | - | Jan 0000 | ||
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Construction | 99,999 SF | - | - |
Property Taxes
| Parcel Number | 11-00170-0000-00038-01 | Improvements Assessment | $351,400 |
| Land Assessment | $533,200 | Total Assessment | $884,600 |
Property Taxes
Presented by
139 South St
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