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Mountain View Office Park 5 Office Properties Offered at $15,189,000 in Ewing, NJ
INVESTMENT HIGHLIGHTS
- Five building office campus totaling 275,000 SF on 20.68 acres within the OP-3 office park zone.
EXECUTIVE SUMMARY
Mountain View Office Park, located at 810–850 Bear Tavern Road in Ewing, NJ, is a five-building, 275,000 SF office campus on 20.68 acres within the OP-3 Office Park Zone. Built between 1983–1985, the property features flexible floorplates, institutional maintenance, and 1,400 surface parking spaces (5.09/1,000 SF).
The campus benefits from excellent regional connectivity, sitting just 0.4 miles from I-295, and backs the Mountain View Golf Course, providing long-term land value stability and a natural campus setting.
The asset is currently 77% leased (212,746 SF) with a tenant mix anchored by major State of New Jersey agencies, representing approx. 60% of the leased area, and supplemented by private users such as Capital Health and professional service tenants. In-place rents average $9.75/SF gross, materially below submarket comparables in the mid-teen range—offering substantial mark-to-market upside.
Financially, the property generates $1.44M NOI, representing a 9.5% cap rate on the $15.19M purchase price ($55/SF). Pro forma NOI is estimated at $2.36M at full lease-up, providing a compelling yield-on-cost profile.
Local market drivers include proximity to The College of New Jersey, Trenton-Mercer Airport, and major redevelopment initiatives such as Ewing Town Center and the Parkway Avenue Redevelopment Zone, supporting continued demand for office, medical, and institutional uses.
The campus benefits from excellent regional connectivity, sitting just 0.4 miles from I-295, and backs the Mountain View Golf Course, providing long-term land value stability and a natural campus setting.
The asset is currently 77% leased (212,746 SF) with a tenant mix anchored by major State of New Jersey agencies, representing approx. 60% of the leased area, and supplemented by private users such as Capital Health and professional service tenants. In-place rents average $9.75/SF gross, materially below submarket comparables in the mid-teen range—offering substantial mark-to-market upside.
Financially, the property generates $1.44M NOI, representing a 9.5% cap rate on the $15.19M purchase price ($55/SF). Pro forma NOI is estimated at $2.36M at full lease-up, providing a compelling yield-on-cost profile.
Local market drivers include proximity to The College of New Jersey, Trenton-Mercer Airport, and major redevelopment initiatives such as Ewing Town Center and the Parkway Avenue Redevelopment Zone, supporting continued demand for office, medical, and institutional uses.
PROPERTY FACTS
| Price | $15,189,000 | Number of Properties | 5 |
| Price / SF | $54.25 / SF | Individually For Sale | 1 |
| Cap Rate | 9.50% | Total Building Size | 280,000 SF |
| Sale Type | Investment | Total Land Area | 46.37 AC |
| Status | Active |
| Price | $15,189,000 |
| Price / SF | $54.25 / SF |
| Cap Rate | 9.50% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 1 |
| Total Building Size | 280,000 SF |
| Total Land Area | 46.37 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Mountain View Office
810 Bear Tavern Rd, Ewing, NJ 08628 |
Office | 60,000 SF | 1983 | $15,189,000 |
|
Mountain View Office
820 Bear Tavern Rd, Ewing, NJ 08628 |
Office | 55,000 SF | 1986 | - |
|
Mountain View Office
830 Bear Tavern Rd, Ewing, NJ 08628 |
Office | 55,000 SF | 1987 | - |
|
Mountain View Office
840 Bear Tavern Rd, Ewing, NJ 08628 |
Office | 55,000 SF | 1985 | - |
|
Mountain View Office
850 Bear Tavern Rd, Ewing, NJ 08628 |
Office | 55,000 SF | 1984 | - |
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