18,000 square foot new construction office building situated at 104 Bayard Street in New Brunswick, New Jersey. Located adjacent to RJW University Hospital and two blocks from the New Brunswick Train Station, 104 Bayard Street is situated within the epicenter of New Brunswick’s rapidly growing downtown district. The property is also within walking distance to an array of neighborhood amenities and services and is also easily accessible via Routes 1, 18 and 27.
104 Bayard Street is 100% leased with a weighted average lease term of approximately 8 years and an average rent per square foot of $26.97, with tenants being responsible for their own utility expenses. The building is anchored by Soba College Recovery who occupies roughly 60% of the building. NJPIRG and Rutgers Nursing lease out the remainder of the building. Building amenities include a lobby/common area, elevator, high ceilings, and rooftop patio.
This sale presents a unique opportunity for an investor to acquire brand new construction within one of the most highly coveted corridors in Central New Jersey. A prospective investor will have the ability to acquire a fully leased asset with a stable tenant base in a market with superb demand. 104 Bayard Street was constructed ideally for an array of both medical and service-based uses in a market with excellent demand for either sector.