Shopping Neighborhood

1293 Broad St

1293 Broad St, Bloomfield, NJ 07003

Listing Price: $2,770,000

Cap Rate
7.73%
Gross SF
11,968
Rentable SF
11,968
Price/Gross SF
$231.45
Lot Size
0.81 acres
Year Built
1970

Investment Overview

Marcus & Millichap is pleased to present a 100% occupied, three-unit retail/office building with two parking lots, located at 1293 Broad Street in Bloomfield, NJ.

Investment Highlights

  • The Property is Conveniently Located near the Signalized Intersection of Broad Street and West Passaic Avenue and just Minutes from the Garden State Parkway, Routes 3 and 46 and Montclair.
  • Rainbow Montessori School, the Largest Tenant, has over 8.5 Years of Lease Term Remaining and 3% Annual Rental Increases.
  • Excellent Demographics: 195,000 People Living Within a Three-Mile Radius of the Property and Average Household Income is over $117,000. Average Household Income Within One-Mile is $158,000.

Exclusively Listed By

Shopping Neighborhood

1293 Broad St

Listing Price: $2,770,000

Cap Rate
7.73%
Gross SF
11,968
Rentable SF
11,968
Price/Gross SF
$231.45
Lot Size
0.81 acres
Year Built
1970

Investment Highlights

  • The Property is Conveniently Located near the Signalized Intersection of Broad Street and West Passaic Avenue and just Minutes from the Garden State Parkway, Routes 3 and 46 and Montclair.
  • Rainbow Montessori School, the Largest Tenant, has over 8.5 Years of Lease Term Remaining and 3% Annual Rental Increases.
  • Excellent Demographics: 195,000 People Living Within a Three-Mile Radius of the Property and Average Household Income is over $117,000. Average Household Income Within One-Mile is $158,000.

Investment Overview

Marcus & Millichap is pleased to present a 100% occupied, three-unit retail/office building with two parking lots, located at 1293 Broad Street in Bloomfield, NJ.

Exclusively Listed By

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