For Sale
$1,810,000

1413 Cantillon BlvdHamilton, NJ 08330

12,000 SF Office, 9% Cap Rate, NJ

Overview

Added:
Dec 11, 2024
Days on market:
116
This fee-simple office building, located at 1413 Cantillon Blvd in Hamilton, New Jersey, presents a compelling investment opportunity. The 12,000-square-foot property sits on a 2.02-acre lot and boasts 54 parking spaces. Currently 100% occupied by Cape Atlantic INK, a publicly funded non-profit organization, under a single-tenant lease with a remaining term of 8.1 years, expiring December 31, 2032. The lease features a built-in 3% annual rent increase, ensuring consistent income growth. Built in 1990, this one-story building offers a strong net operating income (NOI) of $162,699, resulting in an attractive 9% capitalization rate. The asking price is $1,810,000, translating to $151 per square foot. The property enjoys a prime location within the Hamilton Business Park, near major roadways including Route 40, Route 322, and Interstate 195 (Atlantic City Expressway), and is conveniently situated near Atlantic City Airport, Stockton University, and the resort towns of Atlantic City and Ocean City. Neighboring businesses include Pepsi Bottling Company and Stroehmann Bakeries. This is an exceptional opportunity to acquire a stable, income-producing asset with significant long-term potential.

Highlights

  • 12,000 SF single-tenant office building in Hamilton, NJ.
  • Located in Hamilton Business Park, near Pepsi Bottling and Stroehmann Bakeries.
  • 100% occupied by Cape Atlantic INK, a publicly funded non-profit, under a lease expiring December 31, 2032.
  • Lease features a 3% annual rent increase.
  • 2.02-acre lot with 54 parking spaces.
  • Conveniently located near Routes 40 & 322 and I-195.

Property Details for 1413 Cantillon Blvd

Property type
Office properties
Square Feet
12,000 SF
Year Built
1990
Stories
1
Lot Size (sq. ft)
87,991 SF

Location Insight

City
Hamilton
County
Atlantic
State
New Jersey
Latitude
39.4417335
Longitude
-74.7073807
1413 Cantillon Blvd, Hamilton, New Jersey

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1413 Cantillon Blvd
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