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Building D 3224 Route 206 17,721 SF 100% Leased Retail Building Mansfield, NJ 08022 $6,617,543 ($373.43/SF) 7.54% Cap Rate
INVESTMENT HIGHLIGHTS
- RARE FIRST-GENERATION SALE WITH PHENOMINAL FUNDAMENTALS
- STRATEGICALLY LOCATED ALONG ROUTE 206(15K VPD) WITH DIRECT HIGHWAY ACCESS
- MEDICAL OFFICE & RETAIL CENTER WITH A 93% OCCUPANCY RATE + LAND POTENTIAL FOR DEVELOPMENT
- MIDDLE TO UPPER CLASS DEMOGRAPHICS
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
17,721 SF
Building Class
B
Year Built
2008
Price
$6,617,543
Price Per SF
$373.43
Cap Rate
7.54%
NOI
$498,795
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
3.01 AC
Zoning
C-2 - Commercial
Parking
200 Spaces (11.29 Spaces per 1,000 SF Leased)
Frontage
81’ on Rt 206
AMENITIES
- 24 Hour Access
PROPERTY TAXES
| Parcel Number | 18-00003-0000-00006-08 | Improvements Assessment | $1,059,000 |
| Land Assessment | $200,300 | Total Assessment | $1,259,300 |
PROPERTY TAXES
Parcel Number
18-00003-0000-00006-08
Land Assessment
$200,300
Improvements Assessment
$1,059,000
Total Assessment
$1,259,300
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Building D | 3224 Route 206
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