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Flanders Professional Building - 191 U.S. 206, Flanders, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $1,900,000

  • 12,800

  • 7.18%

  • NOI :

  • Acres :

  • $136,379

  • 0.95

  • Property Type :

  • Property Status :

  • Office

  • Under Agreement

Investment Highlights

  • Fully occupied office building in Morris County, New Jersey
  • Largest tenant (50% of GLA) has been at this location since 1997 with a 30-year lease
  • Located at the signalized intersection of Route 206 and Main Street with traffic counts exceeding 26,000 vehicles per day
  • Access to nearby highways including Route 46 and I-80
  • Pride in ownership shows with a well maintained exterior and cosmetic updates
  • Across the street from an under-construction Wawa
  • High income area with an average household income exceeding $127,000 within a 1-mile radius

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