250 Industrial Way W | Eatontown, NJ 07724
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250 Industrial Way W
Eatontown, NJ 07724
SubCom NNN R&D/International Communications · Office Property For Sale
Investment Highlights
- Absolute NNN Lease, Corporate Guarantee - Zero Landlord Responsibilities
- Tenant has Occupied the Building Since 1999 and Recently Signed a 5-Year Lease Extension Commencing in October 2024
- Cerberus Acquired SubCom in 2018 for $325 Million
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
138,163 SF
Building Class
B
Year Built
1999
Price
$32,000,000
Price Per SF
$232
Cap Rate
7.50%
NOI
$2,400,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
69,082 SF
Building FAR
0.31
Lot Size
10.12 AC
Zoning
BP-2 - Office building
Parking
441 Spaces (3.19 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 12-03502-0000-00006 | Improvements Assessment | $25,662,500 |
| Land Assessment | $5,049,900 | Total Assessment | $30,712,400 |
PROPERTY TAXES
Parcel Number
12-03502-0000-00006
Land Assessment
$5,049,900
Improvements Assessment
$25,662,500
Total Assessment
$30,712,400
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