44 Deforest Ave, East Hanover, NJ 07936

100% Occupied Government & Credit Tenant Asset

• Fully leased to a strong roster of tenants including the New Jersey State Police Forensic Lab and the Office of the Chief State Medical Examiner, providing durable, mission-critical tenancy and long-term stability.

Attractive 7.00% Cap Rate with Stable In-Place Cash Flow

• Offered at $8,000,000 with $559,996 NOI, delivering immediate yield backed by essential-use tenancy and predictable income streams.

Long-Term Lease Profile with Built-In Rent Growth

• Weighted lease terms extending through 2032–2033 with contractual rent escalations, providing investors with organic NOI growth and inflation hedge.

Strong Expense Reimbursements Minimize Landlord Exposure

• Majority of tenants operate under NNN or modified gross structures with reimbursements for operating expenses and utilities, significantly reducing ownership risk and volatility.

Mission-Critical Laboratory & Forensic Use

• Specialized lab buildout with high power capacity (4,000 amps), drive-in access, and institutional infrastructure creates high tenant stickiness and significant replacement cost barriers.

High-Quality Asset – 40,022 SF on 1.02 Acres

• Well-maintained, multi-building facility with functional industrial/lab design, 16’ ceiling heights, and dedicated parking supporting long-term usability and adaptability.

Strategic Northern New Jersey Location

• Located in affluent Morris County with proximity to Route 10, I-280, and I-287, offering strong regional connectivity and access to major employment hubs and New York City.

Favorable I-1 Light Industrial Zoning

• Permits a wide range of industrial, laboratory, and research uses, supporting long-term flexibility and alternative tenancy options.

Dense, Amenity-Rich Commercial Corridor

• Positioned near major national retailers (Costco, Target, Home Depot) and daily-needs amenities, enhancing tenant convenience and long-term leasing appeal.

Limited Near-Term Rollover

• Staggered lease expirations and ongoing lease extensions provide income continuity.