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83 Spring St
Newton, NJ 07860
Professional Condos - 9% CAP at ASK · Office Property For Sale
·
66,900 SF
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.
3 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.12% |
| Sale Type | Investment |
| Cap Rate | 5.12% |
| Sale Type | Investment | Cap Rate | 8.27% |
| Sale Type | Investment |
| Cap Rate | 8.27% |
| Sale Type | Investment | Cap Rate | 9.92% |
| Sale Type | Investment |
| Cap Rate | 9.92% |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 101 | 4,500 SF | Office | Upon Request | $30,693.93 CAD |
| Unit 302 | 3,000 SF | Office | Upon Request | $40,004.23 CAD |
| Unit 303 | 6,500 SF | Office | Upon Request | $145,461.02 CAD |
Unit 101
| Unit Size |
| 4,500 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| $30,693.93 CAD |
Unit 302
| Unit Size |
| 3,000 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| $40,004.23 CAD |
Unit 303
| Unit Size |
| 6,500 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| $145,461.02 CAD |
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Unit 101
| Unit Size | 4,500 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | $30,693.93 CAD |
| Sale Type | Investment |
| Cap Rate | 5.12% |
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Unit 302
| Unit Size | 3,000 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | $40,004.23 CAD |
| Sale Type | Investment |
| Cap Rate | 8.27% |
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Unit 303
| Unit Size | 6,500 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | $145,461.02 CAD |
| Sale Type | Investment |
| Cap Rate | 9.92% |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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
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