Whitehouse Station Office | 372 Route 22 West
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Whitehouse Station Office 372 Route 22 West
11,500 SF 78% Leased Office Building Whitehouse Station, NJ 08889 £1,380,750 (£120/SF) 7.80% Net Initial Yield
Investment Highlights
- perfect location, Bullpen area with cubicles, his and her bathrooms, kitchen areas, front and back entrance.
- Brick Building, Parking for 60 cars, Easy Access Rt22, 78, 287, near by towns Clinton and Bridegwater
- Lots of natural light, very spacious suites 2,500 sq ft each units. Medical
Executive Summary
Magnificent Eye-Catching (Whitehouse Station) This Building is elegant, exuding a timeless, classic appeal, Two Story Brick Building. Awesome Visibility For Your Business, Currently 4 office spaces divided into 2,500 Sq Ft Each, with its own entrances, ensuring functionality and privacy. Total Of 11,500Sq Ft. Its design and infrastructure make it equally suitable for professional services, creative industries, or high-tech companies looking for prestigious addresses. The building is constructed with modern materials and sustainable practices, ensuring both Aesthetic appeal and energy efficiency. The parking lot is a specious, ample well organized designed to accommodate up to 60 Vehicles. The entrance is a striking focal point, with a lot of natural light. 2 offices downstairs and 2 offices upstairs.. Tenants pay own utilities and CAM "common area maintance" Owner occupies 1 unit, and 1 unit is vacant 2,500 sq ft for rent $15.00 Per Sq Ft. Approved also for any Medical
Both on second floor
Both on second floor
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£89,370
|
£7.77
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£89,370
|
£7.77
|
| Taxes |
£30,744
|
£2.67
|
| Operating Expenses |
£3,709
|
£0.32
|
| Total Expenses |
£34,453
|
£3.00
|
| Net Operating Income |
£54,917
|
£4.78
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £89,370 |
| Annual Per SF | £7.77 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £89,370 |
| Annual Per SF | £7.77 |
| Taxes | |
|---|---|
| Annual | £30,744 |
| Annual Per SF | £2.67 |
| Operating Expenses | |
|---|---|
| Annual | £3,709 |
| Annual Per SF | £0.32 |
| Total Expenses | |
|---|---|
| Annual | £34,453 |
| Annual Per SF | £3.00 |
| Net Operating Income | |
|---|---|
| Annual | £54,917 |
| Annual Per SF | £4.78 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Design & Build
Property Type
Office
Property Subtype
Building Size
11,500 SF
Building Class
B
Year Built/Renovated
1990/2000
Price
£1,380,750
Price Per SF
£120
Net Initial Yield
7.80%
NOI
£107,698
Percent Leased
78%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,500 SF
Slab to Slab
8 ft
Building FAR
0.25
Land Acres
1.05 AC
Zoning
B
Parking
60 Spaces (5.22 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Kitchen
- High Ceilings
- Natural Light
- Air Conditioning
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Only one suite left of 2,500 sq ft to rent
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 2,500 SF | Office | Full Build-Out | Now |
2nd Floor
| Size |
| 2,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size | 2,500 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Only one suite left of 2,500 sq ft to rent
1 of 1
PROPERTY TAXES
| Parcel Number | 22-00019-0000-00002 | Total Assessment | £1,212,693 (2024) |
| Land Assessment | £398,682 (2024) | Annual Taxes | £30,744 (£2.67/sf) |
| Improvements Assessment | £814,011 (2024) | Tax Year | 2023 Payable 2024 |
PROPERTY TAXES
Parcel Number
22-00019-0000-00002
Land Assessment
£398,682 (2024)
Improvements Assessment
£814,011 (2024)
Total Assessment
£1,212,693 (2024)
Annual Taxes
£30,744 (£2.67/sf)
Tax Year
2023 Payable 2024
-
Lourie Iudici -
David Ciliento - Modern Realty Group LLC
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Modern Realty Group LLC
Whitehouse Station Office | 372 Route 22 West
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