3 Adp Blvd Roseland, NJ 07068
Office building with recent improvements and long-term tenant.
Property size:
81,134 SFLot size:
5.70 AcresProperty Features for 3 Adp Blvd
General Information
- Size
- 81,134 SF
- Lot size
- 5.70 Acres
Source:
Moodyscre
Listing 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.
Location Intelligence
Current Use by Public Records
Office buildings
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