Single-Tenant Office
Simplicity Group
475 Springfield Ave, Summit, NJ 07901
Listing Price: $20,974,000
Cap Rate
6.00%
Gross SF
24,575
Rentable SF
24,575
Price/Gross SF
$853.47
Lot Size
0.16 acres
Year Built
1978
Investment Overview
Marcus & Millichap is pleased to exclusively present 475 Springfield Avenue, Summit, Union County, New Jersey.
Exclusively Listed By
Listing Price: $20,974,000
Cap Rate
6.00%
Gross SF
24,575
Rentable SF
24,575
Price/Gross SF
$853.47
Lot Size
0.16 acres
Year Built
1978
Investment Highlights
- 10-Year Lease with Base Year 2025
- 2.50% Annual Rent Increases
- Major Investment into Improvements to the Building by Tenant, Showing Long Term Commitment to this Location
Investment Overview
Marcus & Millichap is pleased to exclusively present 475 Springfield Avenue, Summit, Union County, New Jersey.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
