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Watchung Hills Family and Medical Center 76 Stirling Rd 41,707 SF 100% Leased Office Building Warren, NJ 07059 $14,495,000 ($347.54/SF)



Investment Highlights
- The Township boasts one of the State's highest-income communities
- Professional Medical Office Park with flexible options suited for office or medical users.
- Abundant On-site surface parking ensures straightforward accessibility for employees and guests.
- Situated between I-78, Route 22, and I-287, providing seamless connectivity to New York City and Newark Intl Airport
- Triple Net Leases fully occupied, presenting a hedge against inflation
Executive Summary
Introducing Watchung Hills Family and Medical Center, situated on over 7 acres at 76 Stirling Road, Warren, NJ. The Center is a fully leased three-building medical office park with historically stable tenancy and a staggered lease rollover schedule. It presents a solid core investment opportunity, offering steady, reliable cash flow anchored by work-from-home-resistant tenancy, including medical and healthcare providers, therapists, and daycare centers. The Center’s stable and defensive fundamentals are further enhanced by its NNN lease structure, providing a long-term hedge against fluctuating inflation and creating a safe harbor from the investment challenges that affect other real estate asset classes. The buildings and lot have been meticulously maintained since inception, reflecting pride of ownership and ensuring a full turnkey experience for investors and tenants alike. The Center also enjoys excellent visibility, ample easy parking, a beautifully landscaped setting, and convenient access to major highways, including I-78 and Route 22. Warren Township is one of the state’s most affluent and desirable communities, offering a vibrant business district, an excellent school system, and upscale amenities. Whether you are expanding your portfolio or seeking a stable, secure, income-producing asset, Watchung Hills Family and Medical Center presents a rare opportunity to acquire a proven commercial property in a thriving market.
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Property Facts
Sale Type
Investment
Property Type
Building Size
41,707 SF
Building Class
B
Year Built
2004
Price
$14,495,000
Price Per SF
$347.54
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
41,707 SF
Building FAR
0.13
Lot Size
7.46 AC
Zoning
BR80 - Business
Parking
168 Spaces (4.03 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 20-00212-0000-00001-09 | Improvements Assessment | $5,902,000 |
| Land Assessment | $1,800,000 | Total Assessment | $7,702,000 |
Property Taxes
Parcel Number
20-00212-0000-00001-09
Land Assessment
$1,800,000
Improvements Assessment
$5,902,000
Total Assessment
$7,702,000
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Watchung Hills Family and Medical Center | 76 Stirling Rd
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