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40 Stirling Rd
Watchung, NJ 07069
Watchung Circle Medical Office & Surgery Ctr · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 100% occupied medical office building anchored by Surgicare of NJ who occupies the entire first floor
- New roof (5 years ago) and mostly new HVAC units
- Staggered leases throughout the building, most with scheduled rent increases
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
32,448 SF
Building Class
C
Year Built
1990
Price
$11,500,000
Price Per SF
$354.41
Cap Rate
7.55%
NOI
$868,781
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,224 SF
Building FAR
0.31
Lot Size
2.40 AC
Zoning
B-B - Business
Parking
120 Spaces (3.7 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 21-04001-0000-00001 | Improvements Assessment | $2,944,000 |
| Land Assessment | $1,280,000 | Total Assessment | $4,224,000 |
PROPERTY TAXES
Parcel Number
21-04001-0000-00001
Land Assessment
$1,280,000
Improvements Assessment
$2,944,000
Total Assessment
$4,224,000
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