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83 Spring St
Newton, NJ 07860
Professional Condos - 9% CAP at ASK · Office Property For Sale
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66,900 SF
Executive Summary
Three (3) professional condominiums with long term tenants including Medical/Local Government. Excellent condition. Blended cap rate of 7.82% at asking price.
Property Facts
| Total Building Size | 66,900 SF | Typical Floor Size | 22,300 SF |
| Property Type | Office | Year Built | 1985 |
| Building Class | B | Lot Size | 1.87 AC |
| Floors | 3 | Parking Ratio | 0.1/1,000 SF |
| Zoning | C-2 | ||
| Total Building Size | 66,900 SF |
| Property Type | Office |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 22,300 SF |
| Year Built | 1985 |
| Lot Size | 1.87 AC |
| Parking Ratio | 0.1/1,000 SF |
| Zoning | C-2 |
Amenities
- Natural Light
3 Units Available
Unit 101
| Unit Size | 4,500 SF | Cap Rate | 5.12% |
| Condo Use | Office | NOI | $22,272 |
| Sale Type | Investment |
| Unit Size | 4,500 SF |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| NOI | $22,272 |
Unit 302
| Unit Size | 3,000 SF | Cap Rate | 8.27% |
| Condo Use | Office | NOI | $29,027.70 |
| Sale Type | Investment |
| Unit Size | 3,000 SF |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 8.27% |
| NOI | $29,027.70 |
Unit 303
| Unit Size | 6,500 SF | Cap Rate | 9.92% |
| Condo Use | Office | NOI | $105,548.80 |
| Sale Type | Investment |
| Unit Size | 6,500 SF |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 9.92% |
| NOI | $105,548.80 |
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