45,000 SF Office Building NJ-STRONG ROI with Growth Expansion
A very unique Office Building, with 95% Occupancy built for then needs of today’s flexible clients as the building caters to large well-respected tenants, smaller clients with individual offices, as well as the needs of Co-Working Executive Suite clients. Excellent NOI and ROI with a Cap Rate of 7.5%, with INCREDIBLE ability to expand the NOI. Over 30,000 square feet of office space has recently been renovated. All the Common Area hallways and bathrooms also have been upgraded. In addition, the building now offers State of the Art Co-Working flexible space which offers a beautiful training center, conference rooms, as well as individual flexible work spaces and virtual tenants. Excellent location convenient to major Interstate Highways. Very attractive investment for 1031 exchanges. The building is 95% occupied and the purchaser of the building will also have flexibility in how they want to structure the transaction. In addition to purchasing the building the Co-Working Executive Suite Business can be included. This can propel the Net Income by hundreds of thousands of dollars. It is projected that by 2020 Fifty Percent (50%) of large companies will have some form of shared offices!
- If the Buyer wants only a Real Estate Passive Investment, then there will be a lease for the Co-Working Executive Suite Business.
- If the Buyer wants BOTH, a Passive Real Estate Investment AND a simple, easy to operate growing B2B service business, then they can also operate the Co-Working Executive Suite Business which over time will add an additional $200,000 in Net Income.