323 S Pitney Rd
47,000 SF 100% Leased Office Building Galloway Township, NJ 08205 $7,978,384 CAD ($169.75 CAD/SF) 9.58% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupancy / Excellent Tenant Base
- Easy Access To All Major Transportation Routes
- Premier Business and Medical Address
EXECUTIVE SUMMARY
Fully occupied building
46,000 SF Medical Fitness Building
30,000 SF Fitness & Aquatics Center Includes: 3 story fitness center / 3 lane competition pool / 17' whirlpool & sauna rooms / 2 steam rooms
Real Estate Taxes: $99,780 (2023)
Net Operating Income: $696,000 (2024 projected)
Traffic Count:
17,170 Pitney North of Jimmie Leeds (AADT 2020)(NJDOT Source)
46,000 SF Medical Fitness Building
30,000 SF Fitness & Aquatics Center Includes: 3 story fitness center / 3 lane competition pool / 17' whirlpool & sauna rooms / 2 steam rooms
Real Estate Taxes: $99,780 (2023)
Net Operating Income: $696,000 (2024 projected)
Traffic Count:
17,170 Pitney North of Jimmie Leeds (AADT 2020)(NJDOT Source)
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
47,000 SF
Building Class
A
Year Built
2008
Price
$7,978,384 CAD
Price Per SF
$169.75 CAD
Cap Rate
9.58%
NOI
$764,298 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
18,800 SF
Slab To Slab
12’
Building FAR
0.24
Lot Size
4.57 AC
Zoning
CVC - Community Village Commercial District (CVC)
Parking
250 Spaces (5.32 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Fitness Center
1 of 1
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $4,726,722 CAD (2024) | |
| Land Assessment | $1,236,109 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $3,490,613 CAD (2024) | Tax Year | 2023 |
