121-127 Warren
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121-127 Warren
14,202 SF 100% Leased Retail Building Trenton, NJ 08608 $2,399,000 ($169/SF) 7.29% Cap Rate
Investment Highlights
- Fully Leased.
- Excellent maintenance history
- Long-term secure tenants: State of New Jersey and State Farm
Executive Summary
For Sale. Don't let this income-producing commercial property pass your portfolio by! Located in downtown Trenton with a 7+% cap rate and fully leased. It is situated in the commercial, government and historical area. Excellent condition brick facade right on the corner of Warren and Lafayette Street on the same block as Starbucks. Three total units, 14,000+ sq/ft, 1 elevator. Incredibly easy access to all major highways, close to restaurants, public transportation, and parking. Spacious and comfortable well-maintained offices (restrooms, conference rooms). 1 street level unit being used for retail. All required inspections/licenses/permits etc. up-to date. Enjoy a turn key investment that is ready to start producing income. For information or showings , call Steve Tsao @ 610-909-4745 or e-mail steve.tsao@foxroach.com
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,202 SF
Building Class
C
Year Built
1950
Price
$2,399,000
Price Per SF
$169
Cap Rate
7.29%
NOI
$175,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Opportunity Zone
Yes
Zoning
HIST - Historic District
Frontage
41 FT on S Warren St
Walk Score ®
Very Walkable (84)
PROPERTY TAXES
Parcel Number | 11-00107-0000-00001 | Improvements Assessment | $1,093,300 |
Land Assessment | $195,900 | Total Assessment | $1,289,200 |
PROPERTY TAXES
Parcel Number
11-00107-0000-00001
Land Assessment
$195,900
Improvements Assessment
$1,093,300
Total Assessment
$1,289,200
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121-127 Warren
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