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20 Scotch RdEwing Township, NJ 08628

30,000 SF Office Building, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Class A, three-story office building, totaling 30,000 square feet, presents a compelling value-add investment opportunity in Ewing Township, New Jersey. Built in 2007, the property boasts a strong 83% occupancy rate across seven units within a single building, generating a current NOI of $621,657 with a pro-forma NOI projected at $657,000. The building features ample parking (110 spaces per 1,000 sq ft), elevator access, and is situated on a 1.62-acre lot. Leases are primarily gross, with a built-in 2% annual rent bump. The property benefits from a prime location, just minutes from Trenton and 12 miles from Princeton, offering convenient access to major transportation routes and amenities. Long-term tenants, occupying over 21,000 square feet, are on NNN leases, providing stability and potential for future growth. The building's proximity to the under-construction Ewing Town Center, a large mixed-use development with 1100 residential units and retail space, further enhances its investment potential. This well-maintained property is ideal for owner-users or investors seeking a strong cash flow and significant upside potential in a thriving New Jersey market. The property is conveniently located near shopping, restaurants, and public transportation with easy access to both New York City and Philadelphia.

Highlights

  • 30,000 SF, three-story office building in Ewing, NJ.
  • Excellent location with elevator and ample parking.
  • Over 21,000 SF occupied by long-term (14+ years) tenants on NNN leases.
  • Across from Ewing Town Center and Suburban Square shopping and apartments.

Property Details for 20 Scotch Rd

Property type
Office properties
Square Feet
30,000 SF
Class
A
Year Built
2007
Buildings
1
Stories
3
Lot Size (sq. ft)
70,567 SF
Units
7

Location Insight

City
Ewing Township
County
Mercer
State
New Jersey
Latitude
40.264979897467
Longitude
-74.801241012235
20 Scotch Rd, Ewing Township, New Jersey

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20 Scotch Rd
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