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150 Pierce St
Somerset, NJ 08873
Somerset Innovation & Flex Center · Flex Property For Sale
Investment Highlights
- 100% occupancy with two established tenants providing stable, long-term rental income.
- The property delivers a net operating income (NOI) of $2,453,051, resulting in a strong 8.74% cap rate at the asking price.
- : A rooftop solar system generates $67,250.09 per year, enhancing cash flow and providing a sustainable energy benefit.
Property Facts
| Property Type | Flex | Year Built | 1992 |
| Property Subtype | Flex Research & Development | Parking Ratio | 2.67/1,000 SF |
| Building Class | B | Clear Ceiling Height | 32’ |
| Lot Size | 16.92 AC | No. Dock-High Doors/Loading | 2 |
| Rentable Building Area | 141,000 SF | No. Drive In / Grade-Level Doors | 2 |
| No. Stories | 2 | ||
| Zoning | M-2 - commercial and office buildings | ||
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 16.92 AC |
| Rentable Building Area | 141,000 SF |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 2.67/1,000 SF |
| Clear Ceiling Height | 32’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | M-2 - commercial and office buildings |
Amenities
- Bio-Tech/ Lab Space
- Wet Lab
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Property Taxes
| Parcel Number | 08-00468-08-00002-02 | Improvements Assessment | $13,308,000 |
| Land Assessment | $3,692,000 | Total Assessment | $17,000,000 |
Property Taxes
Parcel Number
08-00468-08-00002-02
Land Assessment
$3,692,000
Improvements Assessment
$13,308,000
Total Assessment
$17,000,000
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