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261 James St - Squire Dental 2,115 SF Office/Medical Condo Unit Offered at $1,270,287 CAD in Morristown, NJ 07960

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INVESTMENT HIGHLIGHTS

  • Best-in-class Tenant: Squire Dental is a growing DSO with 28 offices across the country.
  • 3% Annual Rental Increases: The lease features 3% annual rental increases, providing investors with growing cash flow and a hedge against inflation.
  • Multiple Doctors: The office is staffed by three doctors, which is typically indicative of a higher-producing location.
  • 7.80 Year NN+ Investment: This deal offers a great opportunity for buyers looking to acquire a long-term passive asset.
  • Ideal 1031 Exchange Property: With a passive structure and nearly 8 years of lease term, this is an ideal property for local or out of state investors

PROPERTY FACTS

Total Building Size 44,000 SF
Property Type Office (Condo)
Property Subtype
Medical
  • General Retail Fast Food
  • General Retail Department Store
Building Class B
Floors 3
Typical Floor Size 2,115 SF
Year Built 1986
Tenancy Single
Lot Size 5.00 AC
Parking Ratio 10/1,000 SF
Zoning OSGU - Open Space/Government Use

AMENITIES

  • Atrium
  • Air Conditioning

1 UNIT AVAILABLE

Unit 3B

Unit Size 2,115 SF
Price $1,270,287 CAD
Price Per SF $600.61 CAD
Condo Use Office/Medical
Sale Type Investment
Cap Rate 8.00%
NOI $101,622.98 CAD
SALE NOTES

Patrick Forde
License # 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
52 Park Avenue, Suite B5, Park Ridge NJ 07656

  • Listing ID: 38054452

  • Date on Market: 2025-10-13

  • Last Updated:

  • Address: 261 James St, Morristown, NJ 07960

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