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33 Evergreen Pl
East Orange, NJ 07018
State of NJ Anchored Office Bldg. (Value/Add) · Office Property For Sale
Investment Highlights
- Projected NOI Increases From $391,487 to $553,661 Upon Stabilization
- State of New Jersey Lease Includes Scheduled Annual Rent Increases Beginning in 2027 Through 2032
- State Of New Jersey Occupies Approximately 69% of the Building on a Lease Extending Through April 2036
Executive Summary
Located in URBAN ENTERPRISE ZONE
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
40,866 SF
Building Class
C
Year Built/Renovated
1970/2008
Price
$5,050,000
Price Per SF
$123.57
Cap Rate
7.75%
NOI
$391,487
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
6,811 SF
Building FAR
1.17
Lot Size
0.80 AC
Opportunity Zone
Yes
Zoning
RO
Parking
120 Spaces (2.94 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
Property Taxes
| Parcel Number | 05-00691-0000-00011 | Improvements Assessment | $1,935,000 |
| Land Assessment | $970,600 | Total Assessment | $2,905,600 |
Property Taxes
Parcel Number
05-00691-0000-00011
Land Assessment
$970,600
Improvements Assessment
$1,935,000
Total Assessment
$2,905,600
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