1441 Morris Ave | Union Township, NJ 07083
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- LoopNet Team
1441 Morris Ave
Union Township, NJ 07083
AMERICAN DENTAL CENTER (DCA) · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Medical and dental properties are highly sought-after for their security of investment and their resistance to economic downturns
- Dental support organizations rarely relocate due to high build-out costs and difficulty in retaining the same patients after moving
- This lease provides the owner with a merely passive investment opportunity, with very minimal landlord responsibilities.
- With 5.00% annual rental increases, this property provides a future owner with a boost in cash flow and return on their investment
- Dental Care Alliance, parent company of American Dental Center has nearly 400+ locations, making them one of the largest group dental practices
- At a 7.75% cap rate, this asset provides a return that is in line with today’s interest rate environment
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
6,000 SF
Building Class
B
Year Built
1965
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,691 SF
Building FAR
0.48
Lot Size
0.29 AC
Parking
13 Spaces (2.17 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 19-01608-0000-00015 | Improvements Assessment | $116,700 |
| Land Assessment | $44,800 | Total Assessment | $161,500 |
PROPERTY TAXES
Parcel Number
19-01608-0000-00015
Land Assessment
$44,800
Improvements Assessment
$116,700
Total Assessment
$161,500
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