Active
3071 Bordentown Avenue
Sayreville NJ, 08859
$8,000,000
$250.00 per sqft
Active
32,000 sqft
Commercial
Built in 2003
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
MLSⓇ ID
July 10, 2023
Listed
May 9, 2024
Updated
Map
3071 Bordentown Avenue
Sayreville NJ, 08859
Interior Features
Total Stories
3
Floor Description
Carpet, Ceramic Tile, Composition Tile
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
2.17 Acres
Lot Features
Near Public Transit, Highway Location
Roof
Asphalt
Sewer
Public Sewer
Other Property Details
Taxes
$90,761
Tax Frequency
Annually
Days on Market
80
Garage
No
Parking Total
80
View
No
County
Middlesex
Water Source
Public
Pool
No
Zoning
B2
Courtesy of DAVIS REALTORS with BRIAN T. WALSH,
Listing Contact:
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