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Bacia Realty
Tel: 201.222.7492
info@baciarealty.com





OFFICE BUILDING FOR SALE IN JSQ!!!
25-29 Cottage Street
Jersey City, NJ 07306
Offered at US$3,900,000
Status: Active
Property Type: Commercial
Lot Size: 11346  Square Ft.

Property Description

18,359 sq. ft. single tenant, county leased three-story office building.

Lease expires 2013

Increases every year

2 blocks to PATH and Courthouse

Lot Size: 93 X 122

Rent (Monthly): $30,598.00 $20.00/sf

Tenant reimburses 100% of expenses above base year

1999 Base Year Expenses: $116,995.00

2009 Yearly Income: $367,180.00

2010 Yearly Income: $376,380.00

2011 Yearly Income: $385,539.00

NOI Before Debt Service: $250,184.00

Sales Price: $3,900.000.00

Price Per Square Foot: $212.00

2009 Cap Rate: 6.4%

2010 Cap Rate: 6.7%

2011 Cap Rate: 6.9%

PERFECT 1031 EXCHANGE!

 

 

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