971 Us-202Branchburg, NJ 08876

Property Details for 971 Us-202

Year built

1986

Lot size

0.82 AC

Property size (Sq ft)

8,900 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This meticulously maintained, two-story Class C medical office building, located at 971 US-202 in Branchburg, New Jersey (Somerset County, zip code 08876), presents a compelling investment opportunity. The 8,900 square foot building, constructed in 1986 and renovated in 2019, sits on a 0.824-acre lot and features six tenants across seven units, boasting 100% occupancy. The property offers a strong net operating income (NOI) of $85,775, with a pro-forma NOI of $94,038, resulting in a current cap rate of 7.46% and a pro-forma cap rate of 8.18%. The asking price is $1,150,000, translating to a price per square foot of $129.21. The net rentable area is 8,320 square feet. The property is zoned RS2 and offers ample parking, making it highly attractive to both tenants and clients. This net lease investment opportunity provides a stable cash flow and potential for future appreciation. The building's prime location on US Highway 202 ensures excellent visibility and accessibility. Approximately 2,000 square feet could potentially be available for an owner-user. The property's Asset Property Number (APN) is 05-00053-0000-00002. Ownership is held by a corporation.

Location Insight

City

Branchburg

County

Somerset

State

New Jersey

Latitude

40.5664

Longitude

-74.6869

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