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312-314 Front St 6,000 SF 100% Leased Office Building Belvidere, NJ 07823 $938,718 CAD ($156.45 CAD/SF) 8% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Just renewed a 5 year lease with the State of New Jersey.
  • Elevator.
  • Near to the Court House.
  • Off street parking.

EXECUTIVE SUMMARY

This well-maintained, two-story office building, equipped with an elevator, is home to Warren County offices. The property offers ample off-street parking located behind the building, ensuring convenience for both staff and visitors.
Situated in the center of town, just one block from the Warren County Courthouse, this property boasts a highly desirable location. With its excellent condition and prime positioning, it provides an ideal setting for professional offices looking to establish a presence in the core of the community.

FINANCIAL SUMMARY (ACTUAL - 2022)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $100,694 $16.78
Other Income - -
Vacancy Loss - -
Effective Gross Income $100,694 $16.78
Taxes - -
Operating Expenses - -
Total Expenses $24,868 $4.14
Net Operating Income $75,826 $12.64

FINANCIAL SUMMARY (ACTUAL - 2022)

Gross Rental Income (CAD)
Annual $100,694
Annual Per SF $16.78
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $100,694
Annual Per SF $16.78
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $24,868
Annual Per SF $4.14
Net Operating Income (CAD)
Annual $75,826
Annual Per SF $12.64

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Office
Building Size
6,000 SF
Building Class
C
Year Built
2021
Price
$938,718 CAD
Price Per SF
$156.45 CAD
Cap Rate
8%
NOI
$75,097 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,000 SF
Building FAR
0.75
Lot Size
0.18 AC
Zoning
B - Business

AMENITIES

  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • State of New Jersey
  • -
  • 5,500 SF
  • -
  • Jan 2021
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
State of New Jersey - 5,500 SF - Jan 2021

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
03-00016-0000-00007
Land Assessment
$141,100 CAD (2025)
Improvements Assessment
$316,064 CAD (2025)
Total Assessment
$457,164 CAD (2025)
  • Listing ID: 3710893

  • Date on Market: 2016-01-14

  • Last Updated:

  • Address: 312-314 Front St, Belvidere, NJ 07823

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