Office, New Jersey, USA

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Office, New Jersey, USA

$7,568,000
$3,893 /m²
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  • Total area
    1,944 m²
  • Yield
    5.6 %
  • Rental rate (m²/month)
    $15.4
  • Built in 
    1974
Details
Property parameters
  • Land area: 28,015 m²
  • 1-floor building
Financial performance
  • Annual income: $364,789
Tenants
  • Fully let

A bank office in the state of New Jersey.

Description

A retail bank building.

Financial performance

The cost of the property is 6,900,000 $.

The absolute annual income is 386,400 $.

The current yield is 5,6%.

Tenants

The tenant is a subdivision of one of the largest financial holdings in Canada, which provides banking, insurance and investment services. The branch has more than 1,200 offices in the US and provides retail banking services to more than 8 million customers.

Type of rent: triple net lease.

NNN lease is the most common type of lease in case of long-term contracts. The owner takes a lease ”in triple size, “ that is, without deduction of tax, insurance and maintenance costs (these costs are contractually borne by the tenant). The triple net lease agreement is aimed at saving the lessor from unnecessary costs, additional work and thereby increase the profitability of real estate.

Location

The property is located in a village with the population less than 20,000 people (Ocean County, New Jersey).

There are shops, a restaurant, a pizzeria, a pharmacy, a pawnshop, a library, an elementary school in close proximity.

The distance to Atlantic City is about 80 km, to Jersey City — about 120 km, to New York — about 140 km.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other offices for sale in the USA.

You can see more offices for sale in New Jersey elsewhere on our website.

Statistics in the USA

Price per m², $
2,499
Healthcare efficiency level
69
Index 69 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
53
Index 53 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, $
Apartment in the city centre, m² 2,499.02
Apartment in a bedroom community, m² 1,815.1
Transport Price, $
Public transport, 1 ride 2.14
Monthly travel card 68.05
Taxi, 1 km 1.66
Petrol, 1 l 0.71
Food Price, $
Water, 1.5 l 1.71
Milk, 1 l 0.8
White bread, 500 g 2.52
Eggs, a dozen 2.2
Chicken fillet, 1 kg 8.23
Education Price, $
Kindergarten, per month 860.79
International school, per year 16,628.9
Health care index
Staff competence 74.34
Medical equipment 86.6
Research accuracy and completeness 75.08
Attitude towards patients 75.73
Security index
Crime rate 52.36
The risk of being robbed 40.65
The risk of car theft 53.07
The risk of break-in and property damage 54.99

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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