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Dish Network 3 Adp Blvd

81,134 SF Office Building Roseland, NJ 07068 $16,397,350 ($202/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.

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
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
Land Acres
5.70 AC
Parking
283 Spaces (3.49 Spaces per 1,000 SF Leased)

Amenities

  • Property Manager on Site
  • Listing ID: 32747786

  • Date on Market: 8/9/2024

  • Last Updated:

  • Address: 3 Adp Blvd, Roseland, NJ 07068

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