261 James St | Morristown, NJ 07960
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261 James St
Morristown, NJ 07960
Squire Dental · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Best-in-class Tenant: Squire Dental is a growing DSO with 28 offices across the country.
- 3% Annual Rental Increases: The lease features 3% annual rental increases, providing investors with growing cash flow and a hedge against inflation.
- Multiple Doctors: The office is staffed by three doctors, which is typically indicative of a higher-producing location.
- 7.80 Year NN+ Investment: This deal offers a great opportunity for buyers looking to acquire a long-term passive asset.
- Ideal 1031 Exchange Property: With a passive structure and nearly 8 years of lease term, this is an ideal property for local or out of state investors
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
2,115 SF
Building Class
B
Year Built
1980
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,115 SF
Building FAR
0.01
Lot Size
5.00 AC
Zoning
OSGU - Open Space/Government Use
Parking
400 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $300,600 | |
| Land Assessment | $240,400 | Total Assessment | $541,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$240,400
Improvements Assessment
$300,600
Total Assessment
$541,000
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