Ewing Portfolio of properties for Sale - Trenton
Mountain View Office Park, located at 810–850 Bear Tavern Road in Ewing, NJ, is a five-building, 275,000 SF office campus on 20.68 acres within the OP-3 Office Park Zone. Built between 1983–1985, the property features flexible floorplates, institutional maintenance, and 1,400 surface parking spaces (5.09/1,000 SF).
The campus benefits from excellent regional connectivity, sitting just 0.4 miles from I-295, and backs the Mountain View Golf Course, providing long-term land value stability and a natural campus setting.
The asset is currently 77% leased (212,746 SF) with a tenant mix anchored by major State of New Jersey agencies, representing approx. 60% of the leased area, and supplemented by private users such as Capital Health and professional service tenants. In-place rents average $9.75/SF gross, materially below submarket comparables in the mid-teen range—offering substantial mark-to-market upside.
Financially, the property generates $1.44M NOI, representing a 9.5% cap rate on the $15.19M purchase price ($55/SF). Pro forma NOI is estimated at $2.36M at full lease-up, providing a compelling yield-on-cost profile.
Local market drivers include proximity to The College of New Jersey, Trenton-Mercer Airport, and major redevelopment initiatives such as Ewing Town Center and the Parkway Avenue Redevelopment Zone, supporting continued demand for office, medical, and institutional uses.
