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186 W Veterans Hwy 7,236 SF 100% Leased Office Building Jackson, NJ 08527 $2,695,000 ($372.44/SF) 4.78% Cap Rate
Investment Highlights
- Generator
- Locker Room with Shower
- Storage
- Office/Professional
- Laundry
- Conference Room
Executive Summary
Professional building, built in 2011 with approximately 7200 sf on just under an acre for sale near the center of town in Jackson NJ. The offering provides investors with immediate contractual income supported by a medical anchor tenant, while maintaining additional revenue growth potential through lease-up or occupancy of the available professional suite.
The building is about 86% leased by a well-established medical tenant (orthodontist) with a modified NNN lease for a steady income stream.
The first floor is a 4114-sf orthodontic office. There is a large reception area with carpet, 2 restrooms with porcelain tile, and most of the flooring in the office is commercial vinyl planking.
The second floor has approximately 1620 sf designed as flexible sharable space, including a large conference room, kitchenette, laundry room, business office and restrooms. The second floor has carpet and porcelain tile. The front stairwell leads to the available space (approximately 1000 sf), and the orthodontic office uses the rear stairwell.
The third-floor is an unfinished walkable attic with the mechanicals, and offers additional storage as well.
The building is about 86% leased by a well-established medical tenant (orthodontist) with a modified NNN lease for a steady income stream.
The first floor is a 4114-sf orthodontic office. There is a large reception area with carpet, 2 restrooms with porcelain tile, and most of the flooring in the office is commercial vinyl planking.
The second floor has approximately 1620 sf designed as flexible sharable space, including a large conference room, kitchenette, laundry room, business office and restrooms. The second floor has carpet and porcelain tile. The front stairwell leads to the available space (approximately 1000 sf), and the orthodontic office uses the rear stairwell.
The third-floor is an unfinished walkable attic with the mechanicals, and offers additional storage as well.
Property Facts
Sale Type
Investment
Property Type
Building Size
7,236 SF
Building Class
B
Year Built
2011
Price
$2,695,000
Price Per SF
$372.44
Cap Rate
4.78%
NOI
$128,899
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
3,618 SF
Building FAR
0.18
Lot Size
0.90 AC
Zoning
NC
Parking
38 Spaces (5.25 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Conferencing Facility
- Signage
- Backup Power / Generators
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Jackson Orthodontics, LLC
- Professional, Scientific, and Technical Services
- 6,000 SF
- $22.00
- Modified Gross
- Jul 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Jackson Orthodontics, LLC | Professional, Scientific, and Technical Services | 6,000 SF | $22.00 | Modified Gross | Jul 2028 |
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Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 12-11801-0000-00077 | Improvements Assessment | $987,000 |
| Land Assessment | $801,000 | Total Assessment | $1,788,000 |
Property Taxes
Parcel Number
12-11801-0000-00077
Land Assessment
$801,000
Improvements Assessment
$987,000
Total Assessment
$1,788,000
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Contact the Sale Advisor
186 W Veterans Hwy