Mountain View Office Park Office FOR SALE


Ewing, NJ
$15,189,000 USD
201-742-6118
, Ewing, NJ for Sale
$15,189,000 USD
Office - FOR SALE
1/5
null | 9.5% Cap Rate

Mountain View Office Park
Ewing, NJ


HIGHLIGHTS

  • Five building office campus totaling 275,000 SF on 20.68 acres within the OP-3 office park zone.

OVERVIEW

Mountain View Office Park, located at 810–850 Bear Tavern Road in Ewing, NJ, is a five-building, 275,000 SF office campus on 20.68 acres within the OP-3 Office Park Zone. Built between 1983–1985, the property features flexible floorplates, institutional maintenance, and 1,400 surface parking spaces (5.09/1,000 SF). The campus benefits from excellent regional connectivity, sitting just 0.4 miles from I-295, and backs the Mountain View Golf Course, providing long-term land value stability and a natural campus setting. The asset is currently 77% leased (212,746 SF) with a tenant mix anchored by major State of New Jersey agencies, representing approx. 60% of the leased area, and supplemented by private users such as Capital Health and professional service tenants. In-place rents average $9.75/SF gross, materially below submarket comparables in the mid-teen range—offering substantial mark-to-market upside. Financially, the property generates $1.44M NOI, representing a 9.5% cap rate on the $15.19M purchase price ($55/SF). Pro forma NOI is estimated at $2.36M at full lease-up, providing a compelling yield-on-cost profile. Local market drivers include proximity to The College of New Jersey, Trenton-Mercer Airport, and major redevelopment initiatives such as Ewing Town Center and the Parkway Avenue Redevelopment Zone, supporting continued demand for office, medical, and institutional uses.

ASK ABOUT THIS PROPERTY

Alan CafieroMarcus & MillichapMore Info
201-742-6118

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

Alan CafieroMarcus & MillichapMore Info
201-742-6118

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