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The Shoppes at Colonial Village 1 Lincoln Hwy

77,096 SF 97% Leased Office Building Edison, NJ 08820 $31,594,200 CAD ($410 CAD/SF) 6.74% Cap Rate

Investment Highlights

  • The Shoppes at Colonial Village is a Rare 77,096 Square Foot Retail/Office Complex (Five Total Buildings) Located in the Heart of Edison, NJ
  • Extraordinarily Well-Maintained Property
  • Currently 91% Occupied with over 50 Tenants Diversifies Rental Income

Executive Summary

• The Shoppes at Colonial Village is a Rare 77,096 SF Retail/Office complex (5 total buildings) located in the heart of Edison, Middlesex County, New Jersey
• 5.36 acres of land at the signalized intersection of Route 27 (Lincoln Highway) and Parsonage Road – Over 38K cars/day
• Currently 91% occupied with over 50 tenants diversifies rental income
• Upside in renting existing vacancies as well as increasing rents for the many below market rentals at the complex
• Extraordinarily well-maintained property
• Located approximately 1 mile to MetroPark and 1 ¼ miles to the Garden State Parkway
• Directly across from JFK medical center (499 beds)
• Less than 1 mile to Menlo Park Mall and Route 1
• Outstanding demographics with over 315K people within 5 miles and an average household income over $162K within 1-mile

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
77,096 SF
Building Class
B
Year Built/Renovated
1973/2017
Price
$31,594,200 CAD
Price Per SF
$410 CAD
Cap Rate
6.74%
NOI
$2,130,670 CAD
Percent Leased
97%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
25,699 SF
Building FAR
1.13
Lot Size
1.56 AC
Zoning
GB
Parking
400 Spaces (5.19 Spaces per 1,000 SF Leased)

Amenities

  • Controlled Access
  • Commuter Rail
  • Property Manager on Site
  • Security System
  • Signage
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 2nd Fl-Ste B
  • 1,100 SF
  • Office/Medical
  • Full Build-Out
  • Now
  • 2nd Fl-Ste C
  • 1,060 SF
  • Office/Medical
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
2nd Fl-Ste B 1,100 SF Office/Medical Full Build-Out Now
2nd Fl-Ste C 1,060 SF Office/Medical Full Build-Out Now

2nd Fl-Ste B

Size
1,100 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

2nd Fl-Ste C

Size
1,060 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-00674-0000-00001-22
Land Assessment
$1,864,444 CAD
Improvements Assessment
$5,067,588 CAD
Total Assessment
$6,932,032 CAD
  • Listing ID: 33448228

  • Date on Market: 2024-10-08

  • Last Updated:

  • Address: 1 Lincoln Hwy, Edison, NJ 08820

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