150 W End Ave 5,055 SF 72% Leased Office Building Somerville, NJ 08876 $1,344,345 CAD ($265.94 CAD/SF) 10.32% Cap Rate

150 West End Ave presents an exceptional investment opportunity in the heart of Somerville. This professional office building is configured with 14 rentable spaces, including 11 office suites, 2 storage suites, and a finished basement office. Zoned for professional office use, the property offers approximately 16 on-site parking spaces and a diverse tenant mix with both gross and modified gross leases. Tenants are responsible for landscaping and snow removal, helping reduce operating expenses.
The property offers significant upside with three vacant office suites and two vacant storage spaces, allowing a new owner to increase cash flow by leasing at current market rents. With a projected pro forma cap rate exceeding 10%, this is an ideal opportunity for investors seeking immediate value-add potential or an owner-user looking to occupy space while generating rental income.
Conveniently located just minutes from vibrant Downtown Somerville, the Somerville train station, and major highways including Routes 22, 202/206, 287, and Interstate 78, the property provides excellent accessibility for tenants and clients alike. Its central location, strong rental upside, ample parking, and flexible suite configuration make 150 West End Ave an attractive addition to any commercial real estate portfolio.