3071 Bordentown Avenue, Parlin, NJ 08859 | MLS 2400344R | Listing Information | Berkshire Hathaway HomeServices Fox & Roach, REALTORS | Berkshire Hathaway HomeServices Fox & Roach, REALTORS
FOR SALE
$8,000,000  

3071 Bordentown Avenue
Parlin, NJ 08859

Business Opportunities
Commercial
32,000
Sq. Ft.
2.17
Acres Lot
Courtesy: DAVIS REALTORS
Investment Highlights: 3071 Bordentown Ave presents a unique investment opportunity to purchase a fully leased 30,000SF +/- Freestanding Professional Building/School. The tenants have recently renewed and have 8 years remaining. The lease is NNN, with minimal to no landlord responsibilities. The income provides an 8%+ CAP rate at the asking price with built in annual escalations. Property Highlights: Built in 2002, the property has 3 nicely finished levels accessible w/ an ADA compliant elevator. Currently occupied by a school, the property is located in a B-2 (General Business Zone) which permits a wide range of uses. Property Features: 30,000 Total SF w/ 10,000 SF on each Level ADA Compliant Elevator Multiple Bathrooms, Utility Sub-Metering, and Zoned Heating/ Cooling on Each Level Large Meeting/Multi-Purpose Room on Lower Level Commercial Kitchen w/ Fire Suppression Hood Parking for 80+ w/ Overflow Shared Parking Two Separate Entrances w/ Secure Receptions Fully Sprinklered Throughout Outdoor Playground for School Use Windows Throughout the Perimeter of Each Level providing Natural Light Nice Pylon Signage w/ Visability Customizable Floorplan for Multiple Office Users which can be divided into 2,500 SF Quadrants Numerous Large Office/ Classrooms Constructed in 2003, so entire building is approx. 20 years old Zoned B-2 Real Estate Taxes: $90,760 per year (tenant pays) Floorplans Available As Attachments Prime investment opportunity w/ long term stable income, minimal landlord responsibilities, and above market CAP rate. Call for more information or to schedule a showing.
2400344R
Business Opportunities, 3+ Story
Middlesex
2003
2.17 Acres
Public
Brick
Public Sewer
32,000 Sq. Ft.
Electricity Connected, Natural Gas Connected
Interior Features
Flooring
Ceramic Tile, Carpet
Cooling
Central Air
Heating
Other. Forced Air.
Exterior / Lot Features
Parking
80 Parking Spaces.
Exterior
Brick
Roof
Asphalt
Lot Dimensions
0.00 x 0.00
Additional Exterior/Lot Features
Near Public Transit.
Financial Considerations
190003300000000408
$90,761
Courtesy: DAVIS REALTORS
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