The Shoppes at Colonial Village | 1 Lincoln Hwy
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The Shoppes at Colonial Village 1 Lincoln Hwy
77,096 SF 97% Leased Office Building Edison, NJ 08820 $22,000,000 ($285/SF) 6.74% Cap Rate
Investment Highlights
- The Shoppes at Colonial Village is a Rare 77,096 Square Foot Retail/Office Complex (Five Total Buildings) Located in the Heart of Edison, NJ
- Extraordinarily Well-Maintained Property
- Currently 91% Occupied with over 50 Tenants Diversifies Rental Income
Executive Summary
• The Shoppes at Colonial Village is a Rare 77,096 SF Retail/Office complex (5 total buildings) located in the heart of Edison, Middlesex County, New Jersey
• 5.36 acres of land at the signalized intersection of Route 27 (Lincoln Highway) and Parsonage Road – Over 38K cars/day
• Currently 91% occupied with over 50 tenants diversifies rental income
• Upside in renting existing vacancies as well as increasing rents for the many below market rentals at the complex
• Extraordinarily well-maintained property
• Located approximately 1 mile to MetroPark and 1 ¼ miles to the Garden State Parkway
• Directly across from JFK medical center (499 beds)
• Less than 1 mile to Menlo Park Mall and Route 1
• Outstanding demographics with over 315K people within 5 miles and an average household income over $162K within 1-mile
• 5.36 acres of land at the signalized intersection of Route 27 (Lincoln Highway) and Parsonage Road – Over 38K cars/day
• Currently 91% occupied with over 50 tenants diversifies rental income
• Upside in renting existing vacancies as well as increasing rents for the many below market rentals at the complex
• Extraordinarily well-maintained property
• Located approximately 1 mile to MetroPark and 1 ¼ miles to the Garden State Parkway
• Directly across from JFK medical center (499 beds)
• Less than 1 mile to Menlo Park Mall and Route 1
• Outstanding demographics with over 315K people within 5 miles and an average household income over $162K within 1-mile
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
77,096 SF
Building Class
B
Year Built/Renovated
1973/2017
Price
$22,000,000
Price Per SF
$285
Cap Rate
6.74%
NOI
$1,483,650
Percent Leased
97%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
25,699 SF
Building FAR
1.13
Lot Size
1.56 AC
Zoning
GB
Parking
400 Spaces (5.19 Spaces per 1,000 SF Leased)
Amenities
- Controlled Access
- Commuter Rail
- Property Manager on Site
- Security System
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 2nd Fl-Ste B
- 1,100 SF
- Office/Medical
- Full Build-Out
- Now
- 2nd Fl-Ste C
- 1,060 SF
- Office/Medical
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste B | 1,100 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste C | 1,060 SF | Office/Medical | Full Build-Out | Now |
2nd Fl-Ste B
| Size |
| 1,100 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste C
| Size |
| 1,060 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Number | 05-00674-0000-00001-22 | Improvements Assessment | $3,560,600 |
| Land Assessment | $1,310,000 | Total Assessment | $4,870,600 |
PROPERTY TAXES
Parcel Number
05-00674-0000-00001-22
Land Assessment
$1,310,000
Improvements Assessment
$3,560,600
Total Assessment
$4,870,600
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The Shoppes at Colonial Village | 1 Lincoln Hwy
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