360 Milltown Rd - R&D FOR SALE
Bridgewater, NJ 08807 |
$8,950,889 USD
267-847-4766
360 Milltown Rd
Bridgewater, NJ 08807
HIGHLIGHTS
- Strong Corporate Tenancy | Avnos Inc. is a cutting-edge clean-tech company backed by leading venture capital and government support
- Brand New 10-Year NNN Lease | The lease commences 9/1/2024 and includes a 10-year term with two 5-year renewal options.
- The structure is Triple Net (NNN) with zero landlord responsibilities, ensuring passive, predictable income.
- High-Income, Dense Demographic Base | The property is located within a dense, affluent suburb of the New York metropolitan area
OVERVIEW
Surmount is pleased to present the exclusive listing for Avnos, Inc., located at 360 Milltown Road, Bridgewater, NJ 08807. The site consists of approximately 17,387 rentable square feet of building space situated on an estimated 6.42-acre parcel. Avnos, Inc. is subject to a 10-year Triple Net (NNN) lease that commenced on 9/1/2024. The current annual rent is $604,185, with scheduled rental escalations in place to drive long-term yield.
FOR SALE DETAILS
PRICE
$8,950,889 USD
PRICE/SF
$515 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Avnos, Inc.
PROPERTY TYPE
Flex
PROPERTY SUBTYPE
R&D
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1965
UTILITIES
-
CLEAR CEILING HT
24 Ft
DOCKS
1
DRIVE INS
1
PARKING SPACES
7
LAND DETAILS
LAND ACRES
6.42
LAND SF
279,655
ZONING
C-3
APN/PARCEL ID
06-00165-0000-00002
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267-847-4766
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267-847-4766
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