3071 Bordentown Ave
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3071 Bordentown Ave
30,000 SF 100% Leased Office Building Parlin, NJ 08859 $7,500,000 ($250/SF) 8.68% Cap Rate
Investment Highlights
- NNN Lease w/ 8 years Remaining
- 30,000 SF w/ 10,000 SF on Each Level
- Parking for 80+ w/ Overflow Parking
- 8% CAP Rate at Asking Price w/ Annual Increases
- Built in 2003 w/ Recent Upgrades
- Prime Location between Route 9 & the GSP
Executive Summary
Investment Highlights:
3071 Bordentown Ave presents a unique investment opportunity to purchase a fully leased 30,000SF +/- Freestanding Professional Building/School. The tenants have recently renewed and have 8 years remaining. The lease is NNN, with minimal to no landlord responsibilities. The income provides a +8% CAP rate at the asking price with built in annual escalations.
Property Highlights:
Built in 2002, the property has 3 nicely finished levels accessible w/ an ADA compliant elevator. Currently occupied by a school, the property is located in a B-2 (General Business Zone) which permits a wide range of uses.
Property Features:
• 30,000 Total SF w/ 10,000 SF on each Level
• ADA Compliant Elevator
• Multiple Bathrooms, Utility Sub-Metering, and Zoned Heating/ Cooling on Each Level
• Large Meeting/Multi-Purpose Room on Lower Level
• Commercial Kitchen w/ Fire Suppression Hood
• Parking for 80+ w/ Overflow Shared Parking
• Two Separate Entrances w/ Secure Receptions
• Fully Sprinklered Throughout
• Outdoor Playground for School/Child Uses
• Windows Throughout the Perimeter of Each Level providing Natural Light
• Nice Pylon Signage w/ Visability
• Customizable Floorplan for Multiple Office Users which can be divided into 2,500 SF Quadrants
• Numerous Large Office/ Classrooms
• Constructed in 2003, so entire building is less than 20 years old
• Zoned B-2
• Real Estate Taxes: $85,653 per year ($2.86 PSF)
Floorplans Available As Attachments
• Property is ideal for Investor with potential for future owner occupant.
Prime location on Bordentown Ave. between Cheesequake and Ernston. Minutes from Route 9 and the GSP w/ Quick access to North Jersey, NYC, and the Jersey Shore.
Call for More Information or to Schedule A Tour
3071 Bordentown Ave presents a unique investment opportunity to purchase a fully leased 30,000SF +/- Freestanding Professional Building/School. The tenants have recently renewed and have 8 years remaining. The lease is NNN, with minimal to no landlord responsibilities. The income provides a +8% CAP rate at the asking price with built in annual escalations.
Property Highlights:
Built in 2002, the property has 3 nicely finished levels accessible w/ an ADA compliant elevator. Currently occupied by a school, the property is located in a B-2 (General Business Zone) which permits a wide range of uses.
Property Features:
• 30,000 Total SF w/ 10,000 SF on each Level
• ADA Compliant Elevator
• Multiple Bathrooms, Utility Sub-Metering, and Zoned Heating/ Cooling on Each Level
• Large Meeting/Multi-Purpose Room on Lower Level
• Commercial Kitchen w/ Fire Suppression Hood
• Parking for 80+ w/ Overflow Shared Parking
• Two Separate Entrances w/ Secure Receptions
• Fully Sprinklered Throughout
• Outdoor Playground for School/Child Uses
• Windows Throughout the Perimeter of Each Level providing Natural Light
• Nice Pylon Signage w/ Visability
• Customizable Floorplan for Multiple Office Users which can be divided into 2,500 SF Quadrants
• Numerous Large Office/ Classrooms
• Constructed in 2003, so entire building is less than 20 years old
• Zoned B-2
• Real Estate Taxes: $85,653 per year ($2.86 PSF)
Floorplans Available As Attachments
• Property is ideal for Investor with potential for future owner occupant.
Prime location on Bordentown Ave. between Cheesequake and Ernston. Minutes from Route 9 and the GSP w/ Quick access to North Jersey, NYC, and the Jersey Shore.
Call for More Information or to Schedule A Tour
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
30,000 SF
Building Class
B
Year Built
2002
Price
$7,500,000
Price Per SF
$250
Cap Rate
8.68%
NOI
$650,817
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,000 SF
Building FAR
0.32
Land Acres
2.17 AC
Zoning
B-2
Parking
80 Spaces (2.66 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 19-00033-0000-00004-08 | Improvements Assessment | $1,500,000 |
| Land Assessment | $136,800 | Total Assessment | $1,636,800 |
PROPERTY TAXES
Parcel Number
19-00033-0000-00004-08
Land Assessment
$136,800
Improvements Assessment
$1,500,000
Total Assessment
$1,636,800
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Brian Walsh -
Stuart Davis -
Davis Commercial
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3071 Bordentown Ave
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