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1915 Morris Ave 4,385 SF 100% Leased Office Building Union Township, NJ 07083 $925,000 ($210.95/SF) 4.18% Cap Rate
EXECUTIVE SUMMARY
Fully occupied investment opportunity in Prime location! Professional building for sale. Minutes away from the Union train station on main drag. Walking distance to the center of town. 5 offices, 5 different tenants. Some offices can be delivered fully furnished. Off-street parking available and so much more.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
4,385 SF
Building Class
C
Year Built
1959
Price
$925,000
Price Per SF
$210.95
Cap Rate
4.18%
NOI
$38,640
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,142 SF
Building FAR
0.72
Lot Size
0.14 AC
Parking
4 Spaces (4.44 Spaces per 1,000 SF Leased)
AMENITIES
- Fenced Lot
- Accent Lighting
- Storage Space
- Basement
- Central Heating
- High Ceilings
- Open-Plan
- Partitioned Offices
- Recessed Lighting
- Air Conditioning
- Smoke Detector
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 19-02317-0000-00006 | Improvements Assessment | $69,400 (2025) |
| Land Assessment | $22,500 (2025) | Total Assessment | $91,900 (2025) |
PROPERTY TAXES
Parcel Number
19-02317-0000-00006
Land Assessment
$22,500 (2025)
Improvements Assessment
$69,400 (2025)
Total Assessment
$91,900 (2025)
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
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Presented by
The Real Estate Company
1915 Morris Ave
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