Office building in New Jersey with a 4,8 % yield

Code
13660
City
Listing For
Sale
Property Type
Villa / House
Property Status
New Build
Price
 3,702,147 EUR  

Location

New Jersey

Description

Code:1511930

It is a freestanding office building investment.

Description

The total floor area is 204 m².


The plot of 2 509 m².


The property is in an good overall condition, repair is not required.


The buiding is fully leased to major tenant.



Absolute income is 202 500 $.

The current yield of 4,8 %.

Projected income (after the rent indexation in 2017) is 227 812 $.

The projected yield of 5,3 %.



The anchor tenant is one of the major banking companeis, which assets are in the US banking compaines Top-10.

The company specializes in savings, credit cards and loans. The total number of banks is near 1 000.

NNN lease agreement is signed until 2027 with an extension options for 2x10 yeards and indexation of rental rate by 12,5 % every 5 years.

All operating costs are borne by the tenant.



The building is well situated on the main commercial street and is surrounded by a major national tenants such as Starbucks and T-Mobile.

NYC is within 50 km.

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