40 Stirling Rd | Watchung, NJ 07069
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40 Stirling Rd
Watchung, NJ 07069
Office Property For Sale
Investment Highlights
- Ambulatory Surgical Center (Surgicare) occupies 45 % of the building. Other tenants include Esssex Health, Watchung Eye, Total Hearing,
- All lighting is LED. Outside of the building was painted 3 years ago.
- Clark Dermatology and China Performance. The roof is 2 years old. Most of the air conditioners were replaced within the last 2 years, Carpet is new.
Executive Summary
Fully occupied, Ambulatory Surgery Center occupy approximately 50% of the building. Dermatology. Optometrist. Rubicon Rehab, Essex Health and Total Hearing are the other tenants. All medical.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
32,262 SF
Building Class
C
Year Built
1990
Price
$12,000,000
Price Per SF
$372
Cap Rate
7.50%
NOI
$900,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
16,131 SF
Building FAR
0.31
Lot Size
2.40 AC
Zoning
B-B - Business
Parking
120 Spaces (3.72 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 21-04001-0000-00001 | Improvements Assessment | $2,664,000 |
| Land Assessment | $1,256,000 | Total Assessment | $3,920,000 |
PROPERTY TAXES
Parcel Number
21-04001-0000-00001
Land Assessment
$1,256,000
Improvements Assessment
$2,664,000
Total Assessment
$3,920,000
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