245 Main St, Chester, NJ 07930

As exclusive agent, Cushman & Wakefield is pleased to present the opportunity to acquire a 100% fee interest in The Williamson Building, a 35,846 SF boutique professional office property situated on 4.48 acres along Route 24 in Chester, New Jersey. The Property offers small, flexible suites designed for professional and boutique medical users seeking a differentiated, right‑sized office environment within an affluent, low‑density suburban setting. Currently 99% leased to 13 tenants, The Williamson Building provides durable in‑place cash flow supported by a diversified roster.

Located directly off Route 206, the Property benefits from strong fundamentals within Western Morris County and the Morris Route 206 Corridor, a supply‑constrained, small‑format office market. The corridor reports average asking rents of $25.25 PSF and medical office occupancy of 92%, reflecting healthcare‑driven demand amid limited new development and fragmented availability. The surrounding affluent, low‑density residential community has an average household income exceeding $230,000 within five miles and supports sustained work‑near‑home demand for boutique medical and professional office space, positioning The Williamson Building to outperform legacy office campuses.

The Property has benefited from nearly $500,000 of ownership capital investment, supporting long‑term building quality and tenant retention, as evidenced by average occupancy of 91% over the past five years. With a Year 1 NOI of $422,622, The Williamson Building offers projected NOI growth of 60% over an 11‑year hold, underscoring the durability and upside potential of well‑located, flexible office space.