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29186220
29186221

107 E Mt Pleasant Ave, Livingston, NJ 07039

DR
NJ 2079011
AC
NJ 0791092
Marcus & Millichap - New Jersey
DC
NJ 1110719
Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey
Unpriced
147 days on market
Updated 61 days ago
Under Contract

Livingston Mixed-Use + Car Wash

Details
Property Type Retail, Office (+1)
Sub Type Storefront, Traditional Office
Net Rentable (SqFt) 26,040
Units 19
Occupancy 94%
Tenancy Multi
Year Built 1970
Stories 2
Acreage 2.300
Zoning R-4
Parking Spaces 75 spaces

7.13% CAP

Marketing description

Marcus & Millichap is pleased to exclusively present 107 E Mount Pleasant Avenue, Livingston, Essex County, New Jersey.

Investment highlights

TENANT(S)

  • Two (2)-story 26,240 SF mixed-use asset located on Mount Pleasant Avenue, Livingston, Essex County, New Jersey

  • Currently 92% occupied with a brand-new car wash in the rear of the property having just executed a 30-year lease

  • 17 total tenants with 2 vacancies

  • 6 retail tenants and 11 office suites

  • Structured rent increases for most tenants

  • Upside in leasing remaining vacancies

  • Other tenants include Eppes Essen (Jewish Deli), Kumon Learning Center, Invictus Pharmacy, among others

  • Significant tax advantages related to the car wash – consult your CPA regarding tax advice

LOCATION/ MARKET

  • Excellent location along one of Livingston's most traveled retail corridors with over 28K cars/day

  • 1/3 mile to the intersection of Mount Pleasant Avenue and Livingston Avenue

  • Less than 2 miles to the Route 10 circle

  • Premier demographics with over 230K people in 5 miles and a 1-mile average household income over $212K

Listing Contacts

DR
NJ 2079011
AC
NJ 0791092
Marcus & Millichap - New Jersey
DC
NJ 1110719
Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$546,569.00
$45,547.42/mo

Valuation Metrics

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Additional Information

Name
Jim McGuckin
License
NJ 2082114
Title
Broker of Record
Name
Damien Rance
License
2079011
Brokerage
Marcus & Millichap
Brokerage Phone
2017426122
Title
Investment Specalist
Brokerage Address
250 Pehle Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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