Listed by Kroll Commercial Realty LLC
$1,800,000
984 US Highway 9, Parlin, NJ 08859-2033
Details
Property Type Office
Sub Type Traditional Office
Square Footage 10,000
Net Rentable (SqFt) 10,000
Units 26
Cap Rate 5.50%
NOI $100,000
Tenancy Multi
Lease Type Gross
Rent Bumps No
Pro-Forma Cap Rate 6.90%
Pro-Forma NOI $125,000
Broker Co-Op Yes
Class C
Year Built 1950
Buildings 1
Stories 2
Acreage 0.680
Zoning B3
Parking Spaces 43 per unit
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Office building for sale on prominent route 9 location in Sayreville
Marketing description
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
43 parking spaces
Diversified risk due to multi tenanted building (26 tenants)
Investment highlights
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
43 parking spaces
Diversified risk due to multi tenanted building (26 tenants)
Listing Contacts
Listed by Kroll Commercial Realty LLC
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,000.00
$8,333.33/mo
Valuation Metrics
0
DSCR
5.56%
Cap Rate
5.56%
ROI
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