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Value-Add | Class A NJ Office 1150 Route 22 E 83,447 SF 30% Leased Office Building Online Auction Sale Bridgewater, NJ 08807
Investment Highlights
- Class A office ideal for users or investors.
- ±29,000-SF floor plates with central core for easy subdivision.
- Less than a mile from I-287.
- Strong ± 3.5 / 1,000 RSF parking ratio.
- M1-B Zoning: including office, manufacturing, medical, research/laboratory and more.
Executive Summary
CenterPointe III is a Class A, three-story office building totaling approximately 83,447 RSF. Currently ±30% occupied, the property presents a compelling value-add opportunity or an ideal ±59,000-SF block for an owner/user seeking a modern corporate headquarters. Large, efficient ±29,000-SF floor plates with a central core support easy subdivision, accommodating both full-floor users and a mix of smaller tenants.
Prominently positioned along US Highway 22, the building offers exceptional visibility and prominent signage potential. Its location—less than 1 mile from Interstate 287—provides seamless regional connectivity throughout Northern New Jersey and places it roughly 45 minutes from New York City.
Flexible zoning further enhances the property’s versatility, permitting office, manufacturing, medical, research/laboratory uses, and more. This broad adaptability increases its appeal for both investors and end users seeking specialized space.
Prominently positioned along US Highway 22, the building offers exceptional visibility and prominent signage potential. Its location—less than 1 mile from Interstate 287—provides seamless regional connectivity throughout Northern New Jersey and places it roughly 45 minutes from New York City.
Flexible zoning further enhances the property’s versatility, permitting office, manufacturing, medical, research/laboratory uses, and more. This broad adaptability increases its appeal for both investors and end users seeking specialized space.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- 1. Marketing
- 2. Financials
- 3. Property Information
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
83,447 SF
Building Class
A
Year Built
2000
Percent Leased
30%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
29,000 SF
Slab To Slab
14’
Building FAR
0.57
Lot Size
3.37 AC
Parcel Number
06-00206-0000-00003-0000-C03
Zoning
M1-B - Medical and Office
Amenities
- Conferencing Facility
- Fitness Center
- Food Service
- Property Manager on Site
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Office space available
Office space available
Office space available
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 29,169 SF | Office | Full Build-Out | 30 Days |
| 3rd Floor | 13,858 SF | Office | Full Build-Out | 30 Days |
| 3rd Floor | 16,125 SF | Office | Full Build-Out | 30 Days |
2nd Floor
| Size |
| 29,169 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
3rd Floor
| Size |
| 13,858 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
3rd Floor
| Size |
| 16,125 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size | 29,169 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Office space available
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3rd Floor
| Size | 13,858 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Office space available
3rd Floor
| Size | 16,125 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Office space available
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Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
11,036
59,922
134,580
2020 Population
10,347
58,795
132,515
2029 Population
11,150
60,034
134,684
2024-2029 Projected Population Growth
1.0%
0.2%
0.1%
Daytime Employees
6,953
47,673
90,956
Total Businesses
1,151
4,834
7,968
Average Household Income
$125,456
$126,382
$142,382
Median Household Income
$106,116
$98,141
$113,526
Total Consumer Spending
$149.9M
$808.1M
$2B
Median Age
41.3
40.9
42.8
2024 Households
4,068
22,210
49,892
Percent College Degree or Above
26%
23%
25%
Average Home Value
$378,864
$461,428
$519,503
$ values in USD
About the Architect
Read More
Other Properties in the Rotwein & Blake Associates Portfolio
Sale Advisors
Sale Advisors
Jacklene Chesler, Vice Chair
Jacklene serves as Vice Chair and provides Investment Sales & Advisory expertise to institutional and private investors. She focuses on all major product types including Office, Industrial, Retail, Residential/Mixed Use and Land. She has vast experience in working with Special Servicers (Loan and REO teams), Asset Mangers and other Fidicuciary Agents on CMBS and balance sheet properties, and other type of distressed assets. She is also very active with marketing and selling properties via online auctions, most notable Tenx.com.
Jacklene joined the firm in 2013. Prior to Colliers, she was a Director for the NKF Capital Markets Tri-State Team from 2008 to 2013. She has been a top 10% producer for Colliers from 2014 to current year and recognized for this achievement by being part of the prestigious Everest Club.
Jacklene joined the firm in 2013. Prior to Colliers, she was a Director for the NKF Capital Markets Tri-State Team from 2008 to 2013. She has been a top 10% producer for Colliers from 2014 to current year and recognized for this achievement by being part of the prestigious Everest Club.
Patrick Norris, Vice President
Patrick Norris, Vice President, has been part of the commercial real estate industry since 2016. He specializes in institutional, as well as private investor sale transactions throughout New Jersey and the surrounding tri-state metropolitan region. In addition to executing highly competitive traditional marketing campaigns, Patrick is an expert at selling properties via online auction platforms including Ten-X Commercial.
Patrick has been involved in the marketing and sale of office, retail, industrial and multi-family assets. He was recognized by Real Estate Weekly as a “2018 Rising Star of Real Estate”. Patrick was named to the Mid Atlantic Real Estate Journal’s 2022 “30 Under 30”. Also he received the Platinum Broker Award by Crexi.
Patrick is a member of National Association of Industrial and Office Professionals (NAIOP) Developing Leaders, Industrial and Office Real Estate Brokers Association (IOREBA) Next Gen and International Council of Shopping Centers (ICSC).
Patrick has been involved in the marketing and sale of office, retail, industrial and multi-family assets. He was recognized by Real Estate Weekly as a “2018 Rising Star of Real Estate”. Patrick was named to the Mid Atlantic Real Estate Journal’s 2022 “30 Under 30”. Also he received the Platinum Broker Award by Crexi.
Patrick is a member of National Association of Industrial and Office Professionals (NAIOP) Developing Leaders, Industrial and Office Real Estate Brokers Association (IOREBA) Next Gen and International Council of Shopping Centers (ICSC).
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Victoria Quade
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Value-Add | Class A NJ Office | 1150 Route 22 E
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Value-Add | Class A NJ Office | 1150 Route 22 E
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