72 West End Ave
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72 West End Ave
7,000 SF 70% Leased Office Building Somerville, NJ 08876 $1,300,000 ($186/SF) 7.12% Cap Rate
Executive Summary
BEAUTIFUL WELL MAINTAINED BRICK 7,040 SF FREE STANDING PROFESSIONAL MEDICAL/OFFICE BUILDING. TWO UNITS FULLY LEASED, MEDICAL OFFICE AFFILIATED WITH RWJ OCCUPY 4,910 SF AND LAW FIRM IN SECOND FLOOR SUITE 2,130 SF,PROFESSIONAL LANDSCAPE GROUNDS WITH NEWLY PAVED 37 CAR PRIVATE PARKING LOT, NEW ROOF, HVAC, CLEAN, CLEAN, CLEAN, INVESTMENT OPPORTUNITY, NOI $92,555
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,000 SF
Building Class
C
Year Built
1989
Price
$1,300,000
Price Per SF
$186
Cap Rate
7.12%
NOI
$92,560
Percent Leased
70%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,780 SF
Building FAR
0.34
Lot Size
0.47 AC
Zoning
N/Av
Parking
34 Spaces (4 Spaces per 1,000 SF Leased)
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Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 18-00136-0000-00019 | Improvements Assessment | $492,200 |
| Land Assessment | $281,400 | Total Assessment | $773,600 |
PROPERTY TAXES
Parcel Number
18-00136-0000-00019
Land Assessment
$281,400
Improvements Assessment
$492,200
Total Assessment
$773,600
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72 West End Ave
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