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169 Mine Brook Rd 5,780 SF 100% Leased Office Building Bernardsville, NJ 07924 For Sale
Investment Highlights
- Fully occupied medical office property with an established healthcare tenant roster.
- On-site parking supports patient and employee accessibility.
- vAll tenant leases expire concurrently, providing future repositioning flexibility.
- Downtown Bernardsville location near retail, services, and commuter amenities.
- Convenient access to Interstate 287, Interstate 78, U.S. Route 206, and Route 24.
- Located within a market characterized by limited competing medical office inventory.
Executive Summary
169 Mine Brook Rd presents the opportunity to acquire a fully occupied medical office property in downtown Bernardsville, one of Somerset County’s most established and supply-constrained suburban markets. The property is occupied by a diversified medical tenant roster including Advocare Sinatra & Peng Pediatrics, Dr. Janet Robinson, and Bernards Eye Care, providing an established healthcare presence within the community.
The asset benefits from a downtown location near Bernardsville’s retail and service district, the NJ Transit Bernardsville Train Station, and regional transportation routes including Interstate 287, Interstate 78, U.S. Route 206, and Route 24. This accessibility supports both patient convenience and workforce connectivity throughout Northern and Central New Jersey. The surrounding area is characterized by affluent residential neighborhoods, established local businesses, and continued investment activity within the downtown corridor.
Additional attributes include on-site parking, a single-story layout, and a future leasing strategy advantage created by the alignment of tenant lease expirations. This structure provides flexibility for future repositioning, re-tenanting, or operational adjustments while maintaining current occupancy. The combination of stabilized tenancy, downtown accessibility, and limited competing medical office inventory positions the property as an attractive healthcare real estate investment opportunity.
The asset benefits from a downtown location near Bernardsville’s retail and service district, the NJ Transit Bernardsville Train Station, and regional transportation routes including Interstate 287, Interstate 78, U.S. Route 206, and Route 24. This accessibility supports both patient convenience and workforce connectivity throughout Northern and Central New Jersey. The surrounding area is characterized by affluent residential neighborhoods, established local businesses, and continued investment activity within the downtown corridor.
Additional attributes include on-site parking, a single-story layout, and a future leasing strategy advantage created by the alignment of tenant lease expirations. This structure provides flexibility for future repositioning, re-tenanting, or operational adjustments while maintaining current occupancy. The combination of stabilized tenancy, downtown accessibility, and limited competing medical office inventory positions the property as an attractive healthcare real estate investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,780 SF
Building Class
C
Year Built
1990
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
5,780 SF
Building FAR
0.13
Lot Size
1.00 AC
Zoning
R10A
Amenities
- Smoke Detector
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
50/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 03-00080-0000-00015-01 | Improvements Assessment | $1,140,000 |
| Land Assessment | $540,000 | Total Assessment | $1,680,000 |
Property Taxes
Parcel Number
03-00080-0000-00015-01
Land Assessment
$540,000
Improvements Assessment
$1,140,000
Total Assessment
$1,680,000
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