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515 Church St 7,200 SF 100% Leased Office Building Bound Brook, NJ 08805 $1,399,000 ($194.31/SF) 5.98% Cap Rate
EXECUTIVE SUMMARY
4-UNIT PROF. MEDICAL BUILDING FOR SALE. CORNER LOCATION WITH ABUNDANT PARKING 100% LEASED, 1 UNIT AVAILABLE, EXCELLENT INVESTMENT PROPERTY OR IDEAL OWNER/USER FOR MEDICAL AND/OR GENERAL OFFICE USER..MINUTES FROM RT 28, 22, I-287 AND RWJ UNIVERSITY HOSPITAL SOMERSET,NOI: $89,626.48 6% CAP
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,200 SF
Building Class
B
Year Built
1970
Price
$1,399,000
Price Per SF
$194.31
Cap Rate
5.98%
NOI
$83,626
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,200 SF
Building FAR
0.28
Lot Size
0.60 AC
Zoning
R-2 - Residential Zoning
Parking
32 Spaces (4.44 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Security System
1 1
PROPERTY TAXES
| Parcel Number | 04-00087-0000-00009 | Improvements Assessment | $716,800 |
| Land Assessment | $278,500 | Total Assessment | $995,300 |
PROPERTY TAXES
Parcel Number
04-00087-0000-00009
Land Assessment
$278,500
Improvements Assessment
$716,800
Total Assessment
$995,300
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515 Church St
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