Jane Colletti - Addison Wolfe Real Estate
12 Wills Way #1
Piscataway Twp., NJ 08854

$1,049,000

Description

INVESTOR OPPORTUNITY! - Don't Miss This Opportunity to purchase a 4,500sf office building that will be fully leased with GREAT INCOME. Currently one tenant occupies 23% of the building and has two years remaining on their lease. The current owner occupies 77% of the building and is willing to sign a 10 year lease. During the 10 year period, gross income is approximately $926,000 and the Net Operating income is approximately $762,500 with an average CAP rate of 7+ percent.

Details

MLS#3498433
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year2008
Days On Site104

Features

SQ Feet4,500
Story(s)1
Units1
ZoningProf Office

Additional Information

Annual Tax Amount24399
Assesed Tax Valuation1067000
Tax ID2.665
Tax Rate2017

Loading Form

Loading Form

Area Information

StateNJ
CountyMiddlesex
CityPiscataway Twp.
Zip Code08854
AreaMiddlesex
Listing VS Median (in 08854)
Price:
$1,049,000
low | high
Med:
$337,500
100% of Average
SqFt:
4,500
low | high
Med:
762
100% of Average
$ / SqFt:
$233
low | high
Med:
$108
100% of Average
On Site:
104
low | high
Med:
126
82.539682539683% of Average
Listing Updated: 12/13/2018
MLS Number: 3498433
Listing Provided By:
SCHRIEBER ROBERT  of  COLDWELL BANKER REALTORS