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Auction - Commercial Real Estate, Lebanon, NJ

Investment Opportunity - 4 Unit Commercial Complex up for Public Auction - Clinton Township, Hunterdon County, New Jersey

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Property Tour - Saturday, September 22nd at 11AM Sharp!

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CLASS A OFFICE SPACE - MEDICAL/PROFESSIONAL

CONVENIENTLY LOCATED TO MAJOR HIGHWAYS 78/287/22 AND RT. 31 - EASY ACCESS TO NYC OR PHILADELPHIA CONVENIENTLY LOCATED TO THE HUNTERDON MEDICAL CENTER.

BUILDING SIZE: 
8,000 SF - 2 FLOORS

CONDO OPTIONS - 2 units per Floor

1ST FLOOR UNIT #1: 2,000 SF 
1ST FLOOR UNIT #2: 2,000 SF 
2ND FLOOR UNIT #3: 2,000 SF 
2ND FLOOR UNIT #4: 2,000 SF

YEAR BUILT: 2007
PARKING: 150+ CARS FOR FOUR BUILDING COMPLEX

Interior Details - 

Colonial Style Architecture

Partitions - Drywall

Celings - Suspended Acoustic Ceiling Tiles

Walls - Painted Wallboards

Floors - Wall to Wall Carpet

Lighting - Recessed Fluorescent

Sprinkler - None

Elevator - 1 Passenger Elevator

Current Use - Office

ADA Compliance - Management Reports Compliance

Construction Details

Foundation - Crawl Space

Exterior Walls - Brick Facade

Structural Frame - Steel Frame & Wood Frame

Roof - Asphalt Shingles over a Gable Roof

HVAC - Separate Package units for each condo

Security - Door Locks

Loading - From Parking Lot

Windows - Wood Double Hung

Doors - Wood Doors

Income/Expense Information - 

Each tenant on the second floor of the building has a 2000 square foot suite which includes common area/shared bathrooms/hallway/elevator. Each suite is deeded and taxed separately.

One tenant pays $ 2400.00/month and the other $ 2500.00/month. The $ 2500.00/month is the most desirable in the building with very high end “Executive” office build out. The other suite is very nice and has more of a “Google” office look. Tenant pays their own utilities and cable.

Taxes run about $ 8200.00/qtr. Insurance about $ 4000.00 per year, Shared Grounds/Maintenance with other buildings is $ 900.00/month or $ 225.00/suite.

The building is zoned medical/office and has full handicap access and ADA compliance.

Misc. Expenses - General Maintenance & Inspections - such as elevator ~ $ 850.00/year. There is also a phone line for elevator about $ 120.00/month.

In Cooperation with Ken Geyer Realtors (Russell Regn - RB8638620 - NJ)

Agreement of Sale

Agreement of Sale

Terms - $50,000 deposit is due immediately on the day of the auction and the balance due at closing within 45 days. Deposit must be in the form of a cashier's check or certified check (from a US bank) made payable to yourself. A 10% Buyer's Premium will be added to the final bid, and will become a part of the purchase price. Property sold in as-is condition, and is not contingent upon buyer's financing, condition of property, appraisal, inspections, etc.