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Office

225 Route 23 Hamburg

225 NJ-23, Hamburg, NJ 07419

Listing Price: $1,800,000

Cap Rate
8.86%
Gross SF
17,000
Rentable SF
17,000
Price/Gross SF
$105.88
Lot Size
1.33 acres
Year Built
1976

Investment Overview

The subject property is a 17,000 sq. ft. office building located at 225
State Route 23 Hamburg, NJ. The office features 13/15 leased units.
The tenant mix includes a regional doctors group, a dentist, physical
therapist, insurance agent, and other diverse professionals. Several of the tenants
have been in place over ten years, leases are short to mid-term in
length. Over 50% of the income is medical related.The property is in
good condition and sits on a 1.33-acre parcel with a total of 60 parking
spaces

Investment Highlights

  • 88% Occupied
  • Over 50% of Income is Medical Related
  • Anchored by Regional Medical Provider | Premiere Health Associates
  • Affluent Community | Average Household Income Exceeds $87,000 Within 3-Mile Radius
  • Ample Parking | 60+ Spots

Exclusively Listed By

  • Brian Kaplan

    Senior Associate

    (201) 742-6133

    Email Brian

    License(s): NJ: 1753184, NY: 10401253635

    New Jersey

  • Chip Collins

    First Vice President Investments

    (201) 742-6124

    Email Chip

    License(s): NJ: 0016571, NY: 10401230649, PA: RSR001965

    New Jersey

Financing By

Office

225 Route 23 Hamburg

Listing Price: $1,800,000

Cap Rate
8.86%
Gross SF
17,000
Rentable SF
17,000
Price/Gross SF
$105.88
Lot Size
1.33 acres
Year Built
1976

Investment Highlights

  • 88% Occupied
  • Over 50% of Income is Medical Related
  • Anchored by Regional Medical Provider | Premiere Health Associates
  • Affluent Community | Average Household Income Exceeds $87,000 Within 3-Mile Radius
  • Ample Parking | 60+ Spots

Investment Overview

The subject property is a 17,000 sq. ft. office building located at 225 State Route 23 Hamburg, NJ. The office features 13/15 leased units. The tenant mix includes a regional doctors group, a dentist, physical therapist, insurance agent, and other diverse professionals. Several of the tenants have been in place over ten years, leases are short to mid-term in length. Over 50% of the income is medical related.The property is in good condition and sits on a 1.33-acre parcel with a total of 60 parking spaces

Exclusively Listed By

  • Brian Kaplan

    Senior Associate

    (201) 742-6133

    Email Brian

    License(s): NJ: 1753184, NY: 10401253635

    New Jersey

  • Chip Collins

    First Vice President Investments

    (201) 742-6124

    Email Chip

    License(s): NJ: 0016571, NY: 10401230649, PA: RSR001965

    New Jersey

Financing By

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