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School House Plaza 236 Millbrook Ave

6,900 SF 100% Leased Office Building Randolph, NJ 07869 £1,420,200 (£206/SF) 3.94% Net Initial Yield

Investment Highlights

  • Quick Access to Highway 10
  • Prime Location In The Midst Of Multiple Restaurants And Retail
  • High Commercial Visibility
  • Ample parking

Executive Summary

Prime Location! Pristine office building located on the corner of 10 & Millbrook Ave with long term tenants! Great opportunity to invest. This beautiful historical building was renovated in 2011. This is an ideal space for a law firm, insurance agency or medical use.

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,900 SF
Building Class
B
Year Built/Renovated
1973/2011
Price
£1,420,200
Price Per SF
£206
Net Initial Yield
3.94%
NOI
£56,019
Percent Leased
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
2,300 SF
Building FAR
0.09
Land Acres
1.79 AC
Zoning
B-2, Randolph Twp - zoned for professional use only.

Amenities

  • Security System
  • Signage
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PROPERTY TAXES

Parcel Number 32-00145-0000-00059 Improvements Assessment £702,082
Land Assessment £604,200 Total Assessment £1,306,281

PROPERTY TAXES

Parcel Number
32-00145-0000-00059
Land Assessment
£604,200
Improvements Assessment
£702,082
Total Assessment
£1,306,281
(973) 557-7972

  • Listing ID: 27713695

  • Date on Market: 09/02/2023

  • Last Updated:

  • Address: 236 Millbrook Ave, Randolph, NJ 07869

The Office Property at 236 Millbrook Ave, Randolph, NJ 07869 is currently available For Sale. Contact Realty Executives Exceptional, Realtors for more information.

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236 Millbrook Ave, Randolph, NJ for sale Building Photo- Image 1 of 4
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© 2024 CoStar Group

School House Plaza | 236 Millbrook Ave
(973) 557-7972 x

School House Plaza | 236 Millbrook Ave

Sonya Hanson

(973) 557-7972

(973) 557-7972

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