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150 Pierce St
Somerset, NJ 08873
Somerset Innovation & Flex Center · Flex Property For Sale
INVESTMENT HIGHLIGHTS
- 100% occupancy with two established tenants providing stable, long-term rental income.
- The property delivers a net operating income (NOI) of $2,453,051, resulting in a strong 8.74% cap rate at the asking price.
- : A rooftop solar system generates $67,250.09 per year, enhancing cash flow and providing a sustainable energy benefit.
PROPERTY FACTS
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 8.76% | Year Built | 1992 |
| Property Type | Flex | Parking Ratio | 2.67/1,000 SF |
| Property Subtype | Flex Research & Development | Clear Ceiling Height | 32’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 16.92 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 141,000 SF | ||
| Zoning | M-2 - commercial and office buildings | ||
| Sale Type | Investment |
| Cap Rate | 8.76% |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 16.92 AC |
| Rentable Building Area | 141,000 SF |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 2.67/1,000 SF |
| Clear Ceiling Height | 32’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | M-2 - commercial and office buildings |
AMENITIES
- Bio-Tech/ Lab Space
- Wet Lab
UTILITIES
- Gas - Natural
- Water - City Water
- Sewer - City Sewer
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 08-00468-08-00002-02 | Improvements Assessment | $18,681,237 CAD |
| Land Assessment | $5,182,682 CAD | Total Assessment | $23,863,919 CAD |
PROPERTY TAXES
Parcel Number
08-00468-08-00002-02
Land Assessment
$5,182,682 CAD
Improvements Assessment
$18,681,237 CAD
Total Assessment
$23,863,919 CAD
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