1303 Route 27, Somerset, NJ
Listing was updated at: 06/03/2019
Property Overview
Price/Rent PSF $ 1,485,000.00
Asset Type Office
Trade Type Sale
SQ. FT. Available 11,124
Date Available 03/29/2018
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Description

Summary
• +11,124 SF
• Two stories plus basement
• .88 Acres
• Office – Professional Zoning
• 6 Units occupied by medical practitioners
• Tenants pay for utilities (separately metered)
• 42 Surface parking spaces

Asking Price & Taxes
• Asking Price: $1,485,000.00
• Taxes: $37,936.00 (2017)
• 6% Cap Rate
• Tenants have annual increases in rent

Location
• Directly off of Route 27 – Near Downtown New Brunswick
• Proximity to Route 1 and 18, and New Jersey Turnpik

Location