57 Fourth St
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57 Fourth St
14,156 SF Flex Building Somerville, NJ 08876 $2,600,000 ($184/SF) 7.15% Cap Rate
Executive Summary
CLEAN, WELL MAINTAINED 12,500 SF OFFICE BUILDING WITH 4,000 SF WAREHOUSE SPACE, PROFESSIONAL OFFICE SPACE, PRIVATE OFFICES, CONFERENCE ROOMS, BULLPEN AREA, CAFETERIA, WAREHOUSE WITH 20 ' CEILINGS, DRIVE IN AND TAIL BOARD LOADING LOCATED IN I-2 ZONE, LIGHT INDUSTRIAL. PRESENTLY LEASED TILL DECEMBER 31, 2026 TO EXCELLENT CREDIT TENANT TRUE TRIPLE NET LEASE, NOI $186K 7.5 CAP, IDEAL INVESTMENT OPPORTUNITY AND OR OWNER USER OPPORTUNITY
NOT IN A FLOOD ZONE
NOT IN A FLOOD ZONE
Property Facts Under Contract
| Price | $2,600,000 | Rentable Building Area | 14,156 SF |
| Price Per SF | $184 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1970 |
| Cap Rate | 7.15% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 3/1,000 SF |
| Property Subtype | Light Manufacturing | Clear Ceiling Height | 12 FT 6 IN |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.77 AC | No. Drive In / Grade-Level Doors | 2 |
| Price | $2,600,000 |
| Price Per SF | $184 |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.15% |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 0.77 AC |
| Rentable Building Area | 14,156 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 3/1,000 SF |
| Clear Ceiling Height | 12 FT 6 IN |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
Amenities
- Air Conditioning
Utilities
- Water - County
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 18-00054-0000-00001 | Improvements Assessment | $789,900 |
| Land Assessment | $138,800 | Total Assessment | $928,700 |
PROPERTY TAXES
Parcel Number
18-00054-0000-00001
Land Assessment
$138,800
Improvements Assessment
$789,900
Total Assessment
$928,700
zoning
| Zoning Code | I-1, Somerville Boro |
| I-1, Somerville Boro |
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57 Fourth St
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