Value-Add Office/Medical Building W/Cash Flow
Office | 98,566 SqFt
Marketing description
Colliers is pleased to exclusively present for sale 2035 Lincoln Highway in Edison, Middlesex County, New Jersey. Edison Square West is a three-story, Class A office building totaling approximately ±98,566 rentable square feet, located within Edison Square—a four-building, mixed-use campus anchored by the Crowne Plaza Hotel and conference center. The property features efficient floor plates of approximately 32,000 square feet, accommodating a wide range of tenant sizes from institutional users to smaller professional and medical tenants.
The asset is currently 82.5% leased to 21 tenants diversified across medical, financial services, and childcare sectors, with a weighted average lease term of approximately 4.2 years providing stable in-place cash flow. Additional upside exists through the lease-up of ±17,212 square feet of available space, contractual rent increases, and future re-leasing at market rates, creating a compelling value-add opportunity.
Strategically located just minutes from I-287, Route 1, and the New Jersey Turnpike, the property offers strong regional accessibility and visibility along Lincoln Highway. It is also in close proximity to Metropark Station with direct service to Newark and New York City. On-site amenities include the Crowne Plaza Edison, complemented by nearby retail and distribution anchors such as Walmart, Costco, Aldi, H Mart, Amazon, and FedEx, with convenient access to key markets including New Brunswick, Princeton, Newark, and NYC.
Investment highlights
- 83% leased to a broad mix of tenants across various sectors such as medical, finance and hospitality. Average in-place tenancy of 6+ years with a weighted average lease term remaining of 3.8+ years
- Edison Square West stands prominently adjacent to the busy Route 27, offering exceptional visibility. This prime location is an ideal spot for impactful signage, providing tenants with an opportunity for prominent brand exposure to a constant stream of passersby
- Weighted average in-place rent of $25.40 PSF, presenting upside through rental growth
- Proximity to major intersection of New Jersey Turnpike, Garden State Parkway, and I-287
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