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Butler Professional Building 1375 Rt 23 7,914 SF 100% Leased Office Building Butler, NJ 07405 $1,762,625 CAD ($222.72 CAD/SF) 5.50% Cap Rate
Executive Summary
A highly visible and accessible office building located in the heart of Butler. 7,914SF with ample on-site parking. Long time tenants with stable incomes. Convenient access to major highways, public transportation, shopping, dining, and local amenities.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
7,914 SF
Building Class
C
Year Built
1975
Price
$1,762,625 CAD
Price Per SF
$222.72 CAD
Cap Rate
5.50%
NOI
$96,944 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,957 SF
Slab To Slab
10’
Building FAR
0.34
Lot Size
0.54 AC
Zoning
HC, Butler Boro - Highway Commercial
Parking
35 Spaces (4.42 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 03-00067-0000-00005 | Improvements Assessment | $1,279,165 CAD (2025) |
| Land Assessment | $423,318 CAD (2025) | Total Assessment | $1,702,482 CAD (2025) |
Property Taxes
Parcel Number
03-00067-0000-00005
Land Assessment
$423,318 CAD (2025)
Improvements Assessment
$1,279,165 CAD (2025)
Total Assessment
$1,702,482 CAD (2025)
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Butler Professional Building | 1375 Rt 23
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