1010 Rose Ave - Flex FOR SALE


Runnemede, NJ 08078
$1,485,000 USD
901-428-6340
1010 Rose Ave, Runnemede, NJ for Sale
$1,485,000 USD
Flex - FOR SALE
1/39
null | 6.24% Cap Rate

1010 Rose Ave
Runnemede, NJ 08078


HIGHLIGHTS

  • This 12220 SF Flex building broken into 6 SEPARATE units that are currently fully leased with Positive Cash Flow.
  • 2 minutes from Exit 3 to NJTP .
  • 5 mins from Interstate 295.
  • Many of these Units have had their HVAC and Circuit Panels Boxes updated in the past 10 years.

OVERVIEW

After 25 years of operation, the owners are retiring and offering their fully leased multi-tenant flex building for sale. The property is comprised of six (6) individual units, with unit sizes as follows: Unit A (1800+/- SF), Unit B (2700 +/- SF), Unit C (2700 +/- SF), Unit D (1200 +/-SF), Unit E (800 +/-SF), and Unit F (3000 +/- SF). Unit B can be broken down further into B1 (750 +/- SF) and B (1950 +/- SF). The asset benefits from excellent highway access, located approximately 2 minutes from Exit 3 of the New Jersey Turnpike and about 5 minutes from I-295. The property offers flexibility for an owner-user to occupy space or for an investor to continue operations as an income-producing asset, supported by a diverse and stable tenant mix. Owners are open to possibility of a Co-Op Willing to Co-Op 3 %. Deposit required in escrow for financials.

FOR SALE DETAILS

PRICE

$1,485,000 USD

PRICE/SF

$122 USD /SF

CAP RATE

6.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Broadway Business Center

PROPERTY TYPE

Flex

ADD'L SUBTYPES

undefined, Manufacturing, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

1

DRIVE INS

8

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.63

LAND SF

27,591

ZONING

LI

APN/PARCEL ID

30-00023-0000-00002-01

ASK ABOUT THIS PROPERTY

Walt W. WashingtonBroadway Business CenterMore Info
901-428-6340

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Walt W. WashingtonBroadway Business CenterMore Info
901-428-6340

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.