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20717255
20717256

66 S Finley Ave, Bernards, NJ 07920

CC
DE DE RB -0020139
Location Realty Advisors LLC
Listed by Location Realty Advisors LLC
$970,000
568 days on market
Updated 17 days ago

66 South Finley Ave

Details
Property Type Mixed Use
Sub Type Office
Square Footage 1,953
Net Rentable (SqFt) 1,953
Units 3
Cap Rate 5.75%
NOI $55,817
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Expiration 06/30/2028
Remaining Term 2.1
Rent Bumps No
Lease Options none
Price per SqFt $497
Broker Co-Op Yes
Year Renovated 2014
Buildings 1
Stories 3
Zoning B 1 commercial
Investment Type Net Lease
Sale Condition For sale by owner

3 Tenant Office building, Downtown Basking Ridge

Marketing description

First time available in 30 years. 3 tenant office building at the corner of South Finley and Henry Streets in Downtown Basking Ridge. Building located on the main corner downtown. All tenants are long term with no vacancies in 30 years. The building is well maintained with no deferred maintenance. The tenants are Edward Jones Investments, Wabba Travel and Country Tailor. Two leases are gross plus taxes over base year, the third is NN+ with taxes over base year. The building backs up to a free municipal parking lot with street parking as well. Building was renovated with Hardi-plank siding and a new roof in 2014.

DO NOT APPROACH TENANTS. SHOWING BY APPOINTMENT ONLY

Investment highlights

Long term tenants

Ample free parking

Best corner in town

Never vacant

Good Signage

Well know building and a corner stone in town

No deferred maintenance

Listing Contacts

CC
DE DE RB -0020139
Location Realty Advisors LLC
Listed by Location Realty Advisors LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$55,817.00
$4,651.42/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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