Long Term Leased Building in Rio Grande, NJ

Retail, Office

3150 Route 9, Rio Grande, NJ
Price:
$ 5,714,762
Property Size:
19,523 sqft
Cap Rate:
6.75%
NOI:
$ 385,746
Lot Size:
13.40 acres
Status:
Sold

Address: 3150 Route 9, Rio Grande, NJ
Tenant: State of New Jersey
Rentable Building Area: 19,523 SF
Acreage: +13.4 Acres (+10.5 Acres are Environmentally protected)
Rent Commencement Date: February 1, 2017
Initial Term: 10 Years
Primary Term Expiration: January 31, 2027
Expense Structure: Modified Gross
Current Annual Net Rent: $385,746.46
Interest Fee: simple

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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.

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Ken Hedrick
Executive Managing Director
918.878.9540

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