4 Centennial Ave 5,655 SF 100% Leased Retail Building Cranford, NJ 07016 $1,425,000 ($251.99/SF) 6.01% Cap Rate
INVESTMENT HIGHLIGHTS
- BUILT IN 2011
- INCREDIBLE CONDITION & LOCATION!!!
- IN DOWNTOWN CRANFORD
EXECUTIVE SUMMARY
BUILT IN 2011, THE LOCATION OF THIS GORGEOUS, 6 UNIT MIXED-USE BUILDING IS BOTH HIGHLY VISIBLE AND VERY CONVENIENT. LOCATED IN DOWNTOWN CRANFORD, NEAR ALL TRANSPORTATION AND SHOPPING. THE BUILDING IS COMPRISED OF ONE RETAIL UNIT AND FIVE 1-BEDROOM APARTMENTS. ZONED 4A.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,655 SF
Building Class
B
Year Built
2011
Price
$1,425,000
Price Per SF
$251.99
Cap Rate
6.01%
NOI
$85,643
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.44
Lot Size
0.09 AC
Zoning
general business - Retail, personal and professional services, offices, general business
Frontage
40’ on Centennial Ave
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Public Administration
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
The U.S. Chamber of Commerce is the world’s largest business organization representing companies of all sizes across every sector of the economy. Their members range from the small businesses and local chambers of commerce that line the Main Streets of America to leading industry associations and large corporations. U.S. Chamber of Commerce's all share one thing: U.S. Chamber of Commerce count on the U.S. Chamber to be their voice in Washington, across the country, and around the world. For years, they have advocated for pro-business policies that help businesses create jobs and grow the economy.
- Pinero style
- -
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| Pinero style | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Walker's Paradise (94)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 03-00480-0000-00001 | Improvements Assessment | $252,000 |
| Land Assessment | $88,000 | Total Assessment | $340,000 |
