Office building in New Jersey

Photos available on request

Office building in New Jersey

4,219,000 $
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Total area: 204 m² Yield: 4.8%
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Features
  • Absolute return: 180,225 €
  • Land area: 2,509 m²
  • Percentage of the rented area: 100%

It is a freestanding office building investment. Description

The total floor area is 204 m².

The plot of 2,509 m².

The property is in an good overall condition, repair is not required.

The buiding is fully leased to major tenant.

Financial performance

Absolute income is 202,500 $.

The current yield of 4,8%.

Projected income (after the rent indexation in 2017) is 227,812 $.

The projected yield of 5,3%.

Tenants

The anchor tenant is one of the major banking companeis, which assets are in the US banking compaines Top-10.

The company specializes in savings, credit cards and loans. The total number of banks is near 1,000.

NNN lease agreement is signed until 2027 with an extension options for 2x10 yeards and indexation of rental rate by 12,5% every 5 years.

All operating costs are borne by the tenant.

Location and nearby objects

The building is well situated on the main commercial street and is surrounded by a major national tenants such as Starbucks and T-Mobile.

NYC is within 50 km.

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

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

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    • Bank financing from 3% annually
    • Construction site audits
    • Management company services