5 Buildings. Industrial. John Street Assoc.

22,230 SF | 100% Leased | Office Building | Morristown, NJ 07960 | $5,595,000 ($252/SF) | 6.42% Cap Rate

Asking Price $5,595,000

Property Type: Office, Restaurant
Square Feet: 22,230 SF
Price / Square Foot: $252

Listing Contacts

Anthony D'Auria

Verified Profile

Property Info

Property Overview

Investment Opportunity. Perfect for end user and as investment property. Five (5) freestanding masonry buildings totaling 22,230 sq ft. of rentable space plus two (2) Garages & Parking. Fully Leased. Always Leased. 2.0 acres which includes parking. Separate Lot Avail. for purchase which is leased during weekdays. Rare & Desirable Industrial Site with existing retail. Original bldgs built in early 70's. Renovations and newer construction in Mid 90's and 2017. Excellent location adjacent to exit 35, route 287. Minutes to Routes 80, 46, 10 and 24/78. Walking distance to train and Morristown Center. Priced to sell. Additional 1.7 acre adjacent parking available separately. Operating Bar/Liquor Licensed Restaurant (11000 plus sq ft) also for sale separately. PERFECT FOR A BREWERY. Call Owner Now to make appointment to view. Will participate with Brokers. Tony 862-222-4223/ Neal 862-222-4225

Property Details

Class: C
Year Built: 1990
Stories: 1
Property Subtype: Office Live/Work Unit, Vehicle Related, Manufacturing
Lot Size (sq. ft): 211,266 SF

Highlights

Multiple Units
Yearly rental increases
Room to monetize parking.

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