Dish Network 3 Adp Blvd 81,134 SF Office Building Roseland, NJ 07068 $16,397,350 ($202.10/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand-New Lease Extension
- Recent Significant Building Improvements
- Heavy Tenant Improvements & Investment
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a DISH Network property located at 3 ADP Boulevard, Roseland, NJ 07068. The
site consists of roughly 81,134 rentable square feet of building space on an estimated 5.7-acre parcel of land. This property was originally
subjected to a 10.75-year Double Net (NN) lease, which commenced 12/1/2013. Recently, the lease received a new 5-year extension.
The base rent was increased from $721,961 to $1,199,071, demonstrating tenant commitment to the location and has scheduled
increases of 2.00% annually.
site consists of roughly 81,134 rentable square feet of building space on an estimated 5.7-acre parcel of land. This property was originally
subjected to a 10.75-year Double Net (NN) lease, which commenced 12/1/2013. Recently, the lease received a new 5-year extension.
The base rent was increased from $721,961 to $1,199,071, demonstrating tenant commitment to the location and has scheduled
increases of 2.00% annually.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
81,134 SF
Building Class
B
Year Built
1978
Price
$16,397,350
Price Per SF
$202.10
Cap Rate
8%
NOI
$1,311,788
Tenancy
Single
Building Height
4 Stories
Typical Floor Size
81,134 SF
Slab To Slab
10’
Building FAR
0.33
Lot Size
5.70 AC
Parking
283 Spaces (3.49 Spaces per 1,000 SF Leased)
AMENITIES
- Property Manager on Site
