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1672-1676 North Olden Ave & 1571 6th St 3 Properties Offered at $16,000,000 in Ewing, NJ
Investment Highlights
- Diversified income stream across adult medical daycare, child preschool, child daycare, and 20 residential units reduces single-tenant risk.
- All commercial tenants are long term and have multiple other business locations.
- No rent control provides for upside potential in increasing the below-market residential rents.
- Two of three commercial leases structured NNN, minimizing landlord operating burden and expense exposure.
- Senior Star's rent is effectively government-guaranteed — revenue 100% backed by Medicaid, MLTSS, and the NJ State Respite Program.
- Modern vintage construction (2012/2016) minimizes near-term capital expenditure requirements.
Executive Summary
The property is comprised of 3 buildings totaling 57,500 SF with 3 commercial tenants and 20 residential apartments.
Property Facts
| Price | $16,000,000 | Number of Properties | 3 |
| Price / SF | $261.85 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 61,103 SF |
| Status | Active | Total Land Area | 3.71 AC |
| Price | $16,000,000 |
| Price / SF | $261.85 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 61,103 SF |
| Total Land Area | 3.71 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1676 N Olden Ave, Ewing, NJ 08638 | Multifamily | 27,303 SF | 2012 | - |
| 1672 N Olden Ave, Ewing, NJ 08638 | Office | 27,500 SF | 2005 | - |
| 1571 6th St, Ewing, NJ 08638 | Retail | 6,300 SF | 2013 | - |
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