Office Space /NJ /Essex County /East Orange /33 Evergreen Pl
Office Space /NJ /Essex County /East Orange /33 Evergreen Pl

33 Evergreen Pl - Office FOR SALE


East Orange, NJ 07018 | 
$5,050,000 USD
201-742-6118
33 Evergreen Pl, East Orange, NJ for Sale
$5,050,000 USD
Office - FOR SALE
1/11
null | 7.75% Cap Rate
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33 Evergreen Pl
East Orange, NJ 07018

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HIGHLIGHTS

  • Projected NOI Increases From $391,487 to $553,661 Upon Stabilization
  • State Of New Jersey Occupies Approximately 69% of the Building on a Lease Extending Through April 2036
  • State of New Jersey Lease Includes Scheduled Annual Rent Increases Beginning in 2027 Through 2032

OVERVIEW

Located in URBAN ENTERPRISE ZONE

FOR SALE DETAILS

PRICE

$5,050,000 USD

PRICE/SF

$118 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

State of NJ Anchored Office Bldg. (Value/Add)

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

6

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

RO

APN/PARCEL ID

05-00691-0000-00011

ASK ABOUT THIS PROPERTY

Alan CafieroMarcus & MillichapMore Info
201-742-6118

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Alan CafieroMarcus & MillichapMore Info
201-742-6118

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