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261 James St - Squire Dental 2,115 SF Office/Medical Condo Unit Offered at $910,000 in Morristown, NJ 07960
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
AMENITIES
- Atrium
- Air Conditioning
1 UNIT AVAILABLE
Unit 3B
| Unit Size | 2,115 SF | Sale Type | Investment |
| Price | $910,000 | Cap Rate | 8.00% |
| Price Per SF | $430.26 | NOI | $72,800 |
| Condo Use | Office/Medical |
| Unit Size | 2,115 SF |
| Price | $910,000 |
| Price Per SF | $430.26 |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 8.00% |
| NOI | $72,800 |
SALE NOTES
Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656
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CONTACTS
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Seamus O'Brien -
Thor St John -
Michael Moreno -
Matthews Real Estate Investment Services
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261 James St - Squire Dental
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