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    3 Adp Blvd Roseland, NJ 07068

    For Sale
    $16,397,350

    Office building with recent improvements and long-term tenant.

    Property size:
    81,134 SF
    Lot size:
    5.70 Acres

    Property Features for 3 Adp Blvd

    General Information

    Size
    81,134 SF
    Lot size
    5.70 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Roseland Office Building For Sale

    This office building features a brand-new lease extension with DISH Network, demonstrating tenant commitment. The tenant has extended their lease term for an additional five years, increasing the base rent from $721,961 to $1,199,071, with 2% annual rent increases. The tenant has made substantial investments over the years in improvements such as generators, security, office buildouts, expansion to 100% of rentable building area (RBA), and the installation and maintenance of satellite equipment on the roof. Recent significant building improvements include roughly $2,000,000 invested in tenant common areas, new HVAC units, asphalt repairs, and roof repairs. The tenant reimburses the landlord for these improvements through amortization over 15 years, paying the landlord as additional rent annually. The property is located in Roseland, NJ.
    Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roseland
    County
    Essex
    State
    New Jersey
    Longitude
    -74.303007
    Latitude
    40.81757

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    FAQs

    What type of property is this?
    Office building - Office building with recent improvements and long-term tenant.
    Where is this office building located?
    The property is located at 3 Adp Blvd Roseland, NJ.
    What is the asking price?
    The asking price for this property is $16,397,350.
    What are key features of this property?
    This property features: - Brand-New 5-Year Lease Extension with DISH Network Demonstrates Tenant Commitment; - Significant Rent Increase from $721,961 to $1,199,071 Annually; - 2% Annual Rent Increases
    (332) 345-2408
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    3 Adp Blvd Roseland, NJ 07068
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3 Adp Blvd Roseland, NJ 07068
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