1413 Cantillon Blvd Mays Landing, NJ 08330-2058

Property Details for 1413 Cantillon Blvd

Year built

1990

Construction

CONCRETE BLOCKS

Lot size

2.02 lot acres

Property size

12,000 SF

Zone code

IBP

Property type

Commercial real estate

APN

12 00991-0000-00021

APU

1200991000000021

Description

This fee-simple office building, located at 1413 Cantillon Blvd in Hamilton, New Jersey, presents a compelling investment opportunity. The 12,000-square-foot property sits on a 2.02-acre lot and boasts 54 parking spaces. Currently 100% occupied by Cape Atlantic INK, a publicly funded non-profit organization, under a single-tenant lease with a remaining term of 8.1 years, expiring December 31, 2032. The lease features a built-in 3% annual rent increase, ensuring consistent income growth. Built in 1990, this one-story building offers a strong net operating income (NOI) of $162,699, resulting in an attractive 9% capitalization rate. The asking price is $1,810,000, translating to $151 per square foot. The property enjoys a prime location within the Hamilton Business Park, near major roadways including Route 40, Route 322, and Interstate 195 (Atlantic City Expressway), and is conveniently situated near Atlantic City Airport, Stockton University, and the resort towns of Atlantic City and Ocean City. Neighboring businesses include Pepsi Bottling Company and Stroehmann Bakeries. This is an exceptional opportunity to acquire a stable, income-producing asset with significant long-term potential.

Location Insight

City

Mays Landing

County

Atlantic

State

New Jersey

Longitude

-74.7073

Latitude

39.4418

CBSA code

12100

CBSA name

ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments