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DISH Network - 8.5% cap, great for 1031TE 3 Adp Blvd 81,134 SF Office Building Roseland, NJ 07068 $15,700,000 ($193.51/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent money maker with 8.5 % CAP rate
- Tenant just invested $3,75 mill in renovation
- National tenant , public comany with corporate guarantee
EXECUTIVE SUMMARY
Perfect money maker , great for 1031 TDE, NN+ net leased bldg
with 8.5% cap, national tenant!
TENANT: : DISH Network, ECHOSTAR Corp. (NASDAQ: SATS)
EchoStar Corporation is an American telecommunications company, specializing in satellite communication, wireless telecommunications, and internet services. Echostar also provides multichannel video programming and mobile services through its subsidiaries: Dish Network, Boost Mobile, Sling TV, EchoStar Mobile, and Hughes Network Systems. Originally establishing the Dish Network brand name in 1996, EchoStar later acquired Dish as a wholly owned subsidiary in 2023. EchoStar made its debut on the Fortune 500 list in 2024, ranking #242. Its main competitor is DirecTV, who failed to acquire Dish Network in 2024.
Asking price : $ 15,700,000
NOI Net Operating income :$ 1,335,769
CAP rate : 8.5%
Building size : 81,134 sf, Lot :5.7 acres
Location : Rosaland , New Jersey , USA
Built :1978/2014/2024
Tenant : DIRECT TV (TPG (NASDAQ: TPG)
(DISH Network LLC )( Satellite Tv / 5G network provider) , public company EchoStar Corp.))
Lease type : NN Double net lease, corporate guarantee
Renovation for $3,753,000 done by the tenant in 2024.
Lease term : New 5 years lease ending 2029 with two 5 years renewal options
Rent escalation 2% annually
CONTACT directly : melinda@tf-realty.com; 646-220-9330
with 8.5% cap, national tenant!
TENANT: : DISH Network, ECHOSTAR Corp. (NASDAQ: SATS)
EchoStar Corporation is an American telecommunications company, specializing in satellite communication, wireless telecommunications, and internet services. Echostar also provides multichannel video programming and mobile services through its subsidiaries: Dish Network, Boost Mobile, Sling TV, EchoStar Mobile, and Hughes Network Systems. Originally establishing the Dish Network brand name in 1996, EchoStar later acquired Dish as a wholly owned subsidiary in 2023. EchoStar made its debut on the Fortune 500 list in 2024, ranking #242. Its main competitor is DirecTV, who failed to acquire Dish Network in 2024.
Asking price : $ 15,700,000
NOI Net Operating income :$ 1,335,769
CAP rate : 8.5%
Building size : 81,134 sf, Lot :5.7 acres
Location : Rosaland , New Jersey , USA
Built :1978/2014/2024
Tenant : DIRECT TV (TPG (NASDAQ: TPG)
(DISH Network LLC )( Satellite Tv / 5G network provider) , public company EchoStar Corp.))
Lease type : NN Double net lease, corporate guarantee
Renovation for $3,753,000 done by the tenant in 2024.
Lease term : New 5 years lease ending 2029 with two 5 years renewal options
Rent escalation 2% annually
CONTACT directly : melinda@tf-realty.com; 646-220-9330
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
81,134 SF
Building Class
B
Year Built/Renovated
1978/2024
Price
$15,700,000
Price Per SF
$193.51
Cap Rate
8.50%
NOI
$1,334,500
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
81,134 SF
Slab To Slab
10’
Building FAR
0.33
Lot Size
5.70 AC
Zoning
OB-2
Parking
283 Spaces (3.49 Spaces per 1,000 SF Leased)
AMENITIES
- Property Manager on Site
1 of 19
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DISH Network - 8.5% cap, great for 1031TE | 3 Adp Blvd
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