Warning: count(): Parameter must be an array or an object that implements Countable in /home/customer/www/oceancitynjrealestategroup.com/public_html/wp-content/themes/realestate/single-properties.php on line 7

Type: | Style: |
City: | Area: |
Sq ft: 0 | Dimensions: 0 |
Features:
Property Description:
FULLY LEASED PROFESSIONAL
OFFICE BUILDING
with Future Upside!
Current Gross Leases: Approx $106 K
Approx NOI: $90K + Future Upside
Asking Only $1.1 Million – 8% Cap Rate
Rental Income CASH STREAM w/ Great Cap Rate Opportunity!
Exclusive Listing – CASH STREAM property offered for sale at an excellent cap rate with future upside! Excellent opportunity to own and collect fantastic passive income on a fully leased Six-Unit Professional Office Building with strong stable tenants on a desirable HIGH TRAFFIC VOLUME Road – quick easy access to Ocean City, Avalon, Stone Harbor & Cape May. This property has become a desirable “destination location” due to its professional tenants servicing clientele from Cape May to Ocean City. Recently renovated, property offers future upside in rental income, plus plenty of acreage to build and expand/grow your lease income potential with additional buildings/units. If you have been frustrated searching the market looking for a great buy that offers a reliable cash stream at a fantastic cap rate – look no further- BOOM- YOU JUST FOUND IT!
Please be advised that this is a private listing exclusively being offered for consideration to our client database only. For more details on this acquisition opportunity and to submit an offer, please call us directly right now at (609) 412-5547 or email me your complete contact information and the best time to reach you.
Serious Financially Pre-Qualified Buyers Only & signed NDA required. Property is fully occupied, so site visit will only be scheduled following an accepted offer. Perfect for Cash or 1031 Exchange Buyers, plus conventional financing available.
Call Us: (609) 412-5547
0