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984 US Highway 9 10,000 SF 100% Leased Office Building Parlin, NJ 08859 $1,800,000 ($180/SF) 6.22% Cap Rate
EXECUTIVE SUMMARY
Office building for sale on prominent route 9 location in Sayreville
All short term leases
Value add build a new commercial structure, land lease to fast food restaurant or increase current rentals in the building
Diversified risk due to multi tenanted building (26 tenants)
43 parking spaces
All short term leases
Value add build a new commercial structure, land lease to fast food restaurant or increase current rentals in the building
Diversified risk due to multi tenanted building (26 tenants)
43 parking spaces
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
10,000 SF
Building Class
C
Year Built
1950
Price
$1,800,000
Price Per SF
$180
Cap Rate
6.22%
NOI
$112,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,000 SF
Slab To Slab
8’
Building FAR
0.34
Lot Size
0.68 AC
Zoning
B3
Parking
43 Spaces (4.3 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 19-00441-0000-00002-01 | Improvements Assessment | $425,000 |
| Land Assessment | $175,000 | Total Assessment | $600,000 |
PROPERTY TAXES
Parcel Number
19-00441-0000-00002-01
Land Assessment
$175,000
Improvements Assessment
$425,000
Total Assessment
$600,000
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984 US Highway 9
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