180 Tices Lane, East Brunswick, NJ 08816

Ryders Office Plaza

180 Tices Lane, East Brunswick, NJ 08816

Building A

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• 

• Price:
  $4,750,000
• Building Size:
  27,959 SF
• Price/SF:
  $169.89
• Property Type:
  Office
• Property Sub-type:
  Office Building
• Property Use Type:
  Net Lease Investment with 2 years left on lease
• Commission Split:
  2.5%
• Cap Rate:
  7.90%
• Occupancy:
  70%
• No. Stories:
  2
• Building Class:
  B
• Tenancy:
  Multiple
• Year Built:
  2005
• Lot Size:
  2.72 AC
• Find Out More...

Last Verified  1/24/2011 Listing ID  16800782

Description

This property comprises 2 separate professional office buildings totalling 27,959sf. Existing tenants include 4-Law Firms, Physical Therapist, Psychologist, Accountant, & Real Estate Management Firm. Space is available from 1,000 - 8,000sf, making this a great investment for an owner/occupant. CAP Rate at full occupancy is 7.9% at full asking price.

Located conveniently at the intersection of Ryders Lane & Tices Lane in East Brunswick, this location is easy to find & offers easy access to Route 18 & the NJ Turnpike.

Financial Summary

• Actual
• Year
  2009
• Scheduled Gross Income
  $527,760
• Operating Expenses
  $192,900
• Net Operating Income
  $334,860