1080 Stelton Rd Piscataway, NJ 08854-5201
- Commercial real estate
- 14,346 SF
- 0.79 lot acres
Jun 17, 2020
Current Use by Public Records
- Smile Wellness / Emergency Dental Service / Pediatric Dentist
- Jessyca Campos, D.O. / Family Practice Physician
- Paroulek George J MD / Internist
- Patel Arvind K MD / Doctor
- Health Med Associates P.C- Piscataway / Internist
Property Details for 1080 Stelton Rd
- Year built
- 1990
- Lot size
- 0.79 lot acres
- Property size
- 14,346 SF
- Zone code
- BP11
- Property type
- Commercial real estate
- APN
- 17 08203-0000-00071- 01
- APU
- 170820300000007101
Description
This exceptional investment opportunity presents the Hadley Medical Center, a two-story, 14,562-square-foot Class B medical office building situated at 1080 Stelton Rd, Piscataway, NJ 08854. The property boasts a strong tenant roster including Meridian Health Care (anchor tenant), Physical Therapy, a Doctor's Office, and a dental practice (Precious Smiles), and a Cardiologist, ensuring 100% occupancy. Built in 1985 and renovated in 2014, the building features a new roof and HVAC system. The property offers ample parking (4.5 spaces per 1,000 sq ft) and is conveniently located at a signalized intersection, providing excellent visibility and accessibility. The Net Lease investment features a corporate guarantee and annual rent bumps of 2.5%. The asking price is $5,000,000, representing a compelling $343.36 per square foot and a 6.93% cap rate with a current NOI of $346,474. The property benefits from its proximity to major roadways including Route 287, the New Jersey Turnpike (95), the Garden State Parkway, and Routes 1, 18, 22, I-78, and I-80, as well as prominent healthcare facilities such as St. Peter's Hospital, Robert Wood Johnson Hospital, and JFK Medical Center. The surrounding area offers a robust demographic profile, with a population of 340,473 residents within a 5-mile radius and an average household income of $115,919. Numerous retail amenities, including Marshalls, HomeGoods, Target, and other national brands, are conveniently located nearby. This is a rare opportunity to acquire a stable, high-performing medical office building in a prime New Jersey location. Lease terms vary.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,015,000
- ML approach
- $4,095,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $3,230,000
- 6.5%
- $2,980,000
- 7%
- $2,765,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,274,000
Market price range: $2.06M - $4.87M
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Location Insight
- Map
- Local Demand
- City
- Piscataway
- County
- Middlesex
- State
- New Jersey
- Longitude
- -74.4293
- Latitude
- 40.5478
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
