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83 Spring St - Professional Condos - 9% CAP at ASK 3,000 - 6,500 SF Office Condo Units Offered at $489,968 - $1,485,259 CAD Per Unit in Newton, NJ 07860
EXECUTIVE SUMMARY
Three (3) professional condominiums with long term tenants including Medical/Local Government. Excellent condition. Blended cap rate of 7.82% at asking price.
PROPERTY FACTS
| Total Building Size | 66,900 SF | Typical Floor Size | 22,300 SF |
| Property Type | Office | Year Built | 1985 |
| Building Class | B | Lot Size | 1.87 AC |
| Floors | 3 | Parking Ratio | 0.1/1,000 SF |
| Zoning | C-2 | ||
| Total Building Size | 66,900 SF |
| Property Type | Office |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 22,300 SF |
| Year Built | 1985 |
| Lot Size | 1.87 AC |
| Parking Ratio | 0.1/1,000 SF |
| Zoning | C-2 |
AMENITIES
- Natural Light
3 UNITS AVAILABLE
Unit 101
| Unit Size | 4,500 SF | Sale Type | Investment |
| Price | $607,225 CAD | Cap Rate | 5.12% |
| Price Per SF | $134.94 CAD | NOI | $31,089.93 CAD |
| Condo Use | Office |
| Unit Size | 4,500 SF |
| Price | $607,225 CAD |
| Price Per SF | $134.94 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| NOI | $31,089.93 CAD |
Unit 302
| Unit Size | 3,000 SF | Sale Type | Investment |
| Price | $489,968 CAD | Cap Rate | 8.27% |
| Price Per SF | $163.32 CAD | NOI | $40,520.35 CAD |
| Condo Use | Office |
| Unit Size | 3,000 SF |
| Price | $489,968 CAD |
| Price Per SF | $163.32 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 8.27% |
| NOI | $40,520.35 CAD |
Unit 303
| Unit Size | 6,500 SF | Sale Type | Investment |
| Price | $1,485,259 CAD | Cap Rate | 9.92% |
| Price Per SF | $228.50 CAD | NOI | $147,337.68 CAD |
| Condo Use | Office |
| Unit Size | 6,500 SF |
| Price | $1,485,259 CAD |
| Price Per SF | $228.50 CAD |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 9.92% |
| NOI | $147,337.68 CAD |
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Walk Score®
Very Walkable (88)
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83 Spring St - Professional Condos - 9% CAP at ASK
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