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465 Cranbury Rd
East Brunswick, NJ 08816
Cranbury Medical Arts Building · Office Property For Sale
Investment Highlights
- Regionally recognized Healthcare tenants; Hackensack Meridian Health, Digestive Health and Trinity Rehab /PT offering diverse, complimentary uses
- Medical tenants with historical tenancy renewals mitigating rollover exposure
- Cranbury Road “medical and services corridor” one of the strongest medical corridors in the state
- 100% leased, stabilized asset with potential value add with current rents below market
- Staggered rent expirations diminish retaining costs and reduces vacancy exposure
- IRR for a five -year hold 11.11%
Property Facts
Property Type
Office
Property Subtype
Medical
Building Size
21,758 SF
Building Class
B
Year Built
2004
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,879 SF
Slab To Slab
12’
Building FAR
0.33
Lot Size
1.53 AC
Zoning
Med
Parking
110 Spaces (5.06 Spaces per 1,000 SF Leased)
Amenities
- Natural Light
- Air Conditioning
Property Taxes
| Parcel Number | 04-00087-31-00014-08 | Improvements Assessment | $734,500 |
| Land Assessment | $63,300 | Total Assessment | $797,800 |
Property Taxes
Parcel Number
04-00087-31-00014-08
Land Assessment
$63,300
Improvements Assessment
$734,500
Total Assessment
$797,800
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