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103-105 Union St 4,300 SF 67% Leased Office Building Lodi, NJ 07644 $1,646,976 CAD ($383.02 CAD/SF) 25% Cap Rate
Investment Highlights
- Well-maintained building with three separate suites, each with its own entrance.
- One vacant suite offers a waiting area, reception desk, multiple rooms, and direct access to an adjoining unit.
- Two occupied suites include medical and spa layouts with exam rooms, offices, and reception areas.
- Property features parking for 12 cars, rear lot access, and a full basement for storage.
Executive Summary
Well maintained commercial building offering 3 individual suites with separate entrances. suite 1- occupied by owner/ eye doctor-waiting room, reception office /desk, lens wear fitting room for patients,2 examination rooms ,office, lab, bathroom. 103 suite 2- occupied by tenant-Spa-Reception area, storage room,3 additional examining room 1.5 bathrooms. 105- suite 3 vacant -waiting room- reception desk-5 additional rooms,1.5 bathrooms also separate entrance.105 is attached to 103.Sufficient parking for 12 cars.
Private entrance to parking lot in rear. basement is full and presently used as storage for all units. Front and rear access to all separate units. Great for any type of business / medical offices.
Private entrance to parking lot in rear. basement is full and presently used as storage for all units. Front and rear access to all separate units. Great for any type of business / medical offices.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Office
Property Subtype
Medical
Building Size
4,300 SF
Building Class
C
Year Built
1960
Price
$1,646,976 CAD
Price Per SF
$383.02 CAD
Cap Rate
25%
NOI
$411,744 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,300 SF
Slab To Slab
12’
Building FAR
0.55
Lot Size
0.18 AC
Parking
12 Spaces (12 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 31-00089-01-00023 | Improvements Assessment | $537,463 CAD |
| Land Assessment | $398,019 CAD | Total Assessment | $935,482 CAD |
Property Taxes
Parcel Number
31-00089-01-00023
Land Assessment
$398,019 CAD
Improvements Assessment
$537,463 CAD
Total Assessment
$935,482 CAD
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Presented by
Boulevard Realty Group, LLC
103-105 Union St
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