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Bldg 1 1 Laurel Dr 19,830 SF Office Building Flanders, NJ 07836 $5,008,644 CAD ($252.58 CAD/SF) 4.97% Cap Rate
Executive Summary
Prime B Class Office Building with secured single tenant with 5 year lease. This property features large acreage with possible expansion possibility. On major transportation route and just minutes to I-80 interchange. Huge upside in CAP when building is converted to NNN for next tenant. Fully updated and superbly maintained with 125 paved parking spots and monument signage.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
19,830 SF
Building Class
B
Year Built
1986
Price
$5,008,644 CAD
Price Per SF
$252.58 CAD
Cap Rate
4.97%
NOI
$248,930 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
9,150 SF
Building FAR
0.08
Lot Size
5.87 AC
Zoning
L-1 - Commercial Office
Parking
125 Spaces (6.3 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Controlled Access
- Security System
- Signage
- Reception
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- State of New Jersey
- -
-
99,999 SF
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| State of New Jersey | - | 99,999 SF | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,211,814 CAD | |
| Land Assessment | $795,400 CAD | Total Assessment | $2,007,214 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$795,400 CAD
Improvements Assessment
$1,211,814 CAD
Total Assessment
$2,007,214 CAD
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Bldg 1 | 1 Laurel Dr
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