80 Cottontail Ln - Office FOR SALE
Somerset, NJ 08873 |
80 Cottontail Ln
Somerset, NJ 08873
HIGHLIGHTS
- Immediate access to Interstate 287 and visibility to 96,316 vehicles per day drive strong tenant appeal and brand exposure.
- Currently 56.7% leased to a diverse mix of tenants, including Rutgers University and AI Holdings.
- ±37,029 SF of vacancy and 50% of tenancy leased 20%+ below market creates clear NOI growth potential.
- 329 parking spaces (3.85/1,000 SF) on a 5.4-acre lot support high employee and visitor traffic.
- Surrounded by major employers such as Johnson & Johnson, SHI International, and Sanofi in a growing healthcare and tech corridor.
- Benefits from a growing and highly educated workforce, with a median household income exceeding $148,000 within a 3-mile radius.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
REO Value Add Office Opportunity
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
87903
STORIES
4
BUILDING CLASS
A
YEAR BUILT
1984
SPRINKLERS
-
PARKING SPACES
496
LAND DETAILS
LAND ACRES
5.4 AC AC
LAND SF
235,224 SF
ZONING
-
APN/PARCEL ID
08-00530-04-00002-03
