Office Building with Great Window
For Sale
Contact for pricing
1 Union St, Trenton, NJ 08691
A three-story, handicap-accessible office building with a strong window line and double glass door entry.
Property Size67,538 SF
Price / SF$333.15
Days on Market36
Property Features for 1 Union St
General Information
Standard status
Active
Size
67,538 SF
Total Parking Spaces
241
Elevators
Yes
Property subtype
OFFICE
Zoning
TC Town Center
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Amenities
Great Window Line, Front of Building
Double Glass Door Entry
Handicap Accessible
Building Details
Year Built
2004
Buildings
1
Stories
3
Tenancy
Multi
Parking Ratio
3.3 per 1,000 SF
Listing Agency:
Fennelly Associates
(609) 306-3158
Listed By:
Gerard J. Fennelly
(609) 306-3158
Source:
Moodyscre
Added: Jul 1
Changed: Jul 30
Last Checked: Aug 4 at 12:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fennelly Associates
Investment Insights
Based on property information with market context.
This three-story office building was built in 2004 and features double glass door entry, a handicap-accessible design, and a great window line along the front of the building. The building has two elevators and a full wet sprinkler system. Tenant occupancy is medical-leaning, with 78.48% medical tenants totaling 52,329 SF.
The property is zoned TC Town Center. Parking totals 241 spaces (3.3/1,000 SF), supporting a range of tenant and employee needs. Access is positioned for commuters with easy access to the NJ Turnpike and Routes 195, 33, and 130.
The combination of prominent frontage glazing, elevator service, and code-supported fire protection makes the building well-suited for office users seeking a professional medical-adjacent workplace environment.
The property is zoned TC Town Center. Parking totals 241 spaces (3.3/1,000 SF), supporting a range of tenant and employee needs. Access is positioned for commuters with easy access to the NJ Turnpike and Routes 195, 33, and 130.
The combination of prominent frontage glazing, elevator service, and code-supported fire protection makes the building well-suited for office users seeking a professional medical-adjacent workplace environment.
Key Highlights
- 78.48% medical tenants totaling 52,329 SF
- Great window line along the front of the building
- Double glass door entry, handicap accessible, 3‑story building with two elevators
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.99M | $29.52 |
| − Vacancy | −$430.6k | −$6.38 |
| EGI | $1.56M | $23.14 |
| − OpEx | −$625.2k | −$9.26 |
| NOI | $937.8k | $13.89 |
67,538 SF · lease $29.52/SF/yr · vacancy 21.60% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$13.40M
$11.72M – $15.63M
NOI $937,847 @ 7.0% cap · market cap 4.17%
Second Best
Office B
$8.66M
$7.57M – $10.10M
NOI $605,897 @ 7.0% cap · market cap 2.69%
Theoretical Best
Warehouse
$21.73M
$19.01M – $25.35M
NOI $1,521,064 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 08691, NJ
16,866
Population
7,322
Households
2.3
Avg Household Size
43
Median Age
63%
College-Educated
97%
High-School Grad
24.2 sq mi
ZIP Area
697
Density / Sq Mi
$129,900
Median Household Income
$85,331
Median Earnings
$1,845
Median Rent
$523,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A three-story, handicap-accessible office building with a strong window line and double glass door entry.
Where is this office building located?
The property is located at 1 Union St Trenton, NJ.
What is the asking price?
The asking price for this property is $22,500,000.
What are key features of this property?
This property features: 78.48% medical tenants totaling 52,329 SF; Great window line along the front of the building; Double glass door entry, handicap accessible, 3‑story building with two elevators
