Property Details
Price :
Square Feet :
Cap Rate :
$1,500,000
4,200
7.37%
NOI :
Acres :
$110,570
0.98
Property Type :
Property Status :
Office
Available
Investment Highlights
100% Occupied Medical Office – +/- 4,200 Square Foot, Two-Tenant Medical Office Building Situated on 0.98 Acres Along US Route 206 in Bedminster, New Jersey.
Established Medical Tenancy with Long-Term Occupancy – Anchored by Tri-County Orthopedics, a Four-Location Regional Medical Practice That Has Occupied the Property Since 2006, Demonstrating Nearly 20 Years of Tenancy and Commitment to the Location.
Recently Renovated and Well-Maintained Property – Significant Capital Improvements Include Replacement HVAC Systems, Interior and Exterior Ligthting, Exterior Painting, and Resurfaced Parking Lot, Reducing Anticipated Near-Term Capital Expenditure Requirements.
Ample On-Site Parking – Features 25 Dedicated Parking Spaces, Representing an Attractive Ratio of 5.95 Spaces Per 1,000 Square Foot.
Affluent Somerset County Demographics – Located in One of New Jersey's Most Desirable Suburban Markets, with Average Household Incomes Exceeding $212,000 Within a Five-Mile Radius.
Excellent Visibility and Regional Accessibility – Strategically Positioned Along US Route 206, Benefiting from 26,700 Vehicles Per Day and Convenient Access to Interstate 78 and Interstate 287.
Established Commercial Corridor – Surrounded By A Strong Mix Of Medical, Professional, Retail, And Corporate Users, Including Nearby QuickChek, Dunkin', Shell, and Freshpet's Corporate Headquarters.
Attractive Bedminster Location – Situated Within the Prestigious Somerset Hills Region, Characterized by Affluent Residential Communities, a Strong Corporate Presence, and Convenient Access to the Greater Northern New Jersey Market.
Listing Contacts
