Trenton (Office), Trenton, NJ 08638


[metaslider id=1065]

Asset Type Commercial
Starting Bid $350,000
Bid Deposit Amount $10,000
Property Trenton (Office)
Property Description A 10,529 SF Bank Building in Trenton, NJ
Square Footage 10,529
Net Rentable Area 10,529
Lot Size (acres) 0.92
Year Built 1927
Occupancy 100.0({13dda1d77f96bc4e01ab58573f90526d30fd6d90710a0f0937fcfa918c15c232})
Occupancy As of Date 12/01/2015
Net Operating Income (NOI) $70,634
NOI As Of Date 12/31/2014
Buyer’s Premium 5{13dda1d77f96bc4e01ab58573f90526d30fd6d90710a0f0937fcfa918c15c232} of Winning Bid Amount (A minimum of $10000 will apply)

INVESTMENT-GRADE TENANT: Wells Fargo Bank, N.A (S&P: AA-) is the primary U.S. operating subsidiary of Wells Fargo & Co., a financial services company with over $1.72 trillion in assets and over 8,700 branches

LONG-TERM LEASE: 100{13dda1d77f96bc4e01ab58573f90526d30fd6d90710a0f0937fcfa918c15c232} leased to Wells Fargo until 9/30/2024

MARKET: Trenton, the state capital of New Jersey, which has a current population of 84,477 is considered a part of the Greater New York City Combined Statistical Area (Population: 23.3 million)

DOMINANT RETAIL, COMMERCIAL & RESIDENTIAL CORRIDOR: Approximately 5.7 million square feet of retail, 7.4 million square feet of office, 14.5 million square feet of industrial, and 8.1 million square feet of multifamily within a 3-mile radius

DYNAMIC DEMOGRAPHICS: 3-mile population and average household income of 154,142 and $62,858, respectively

HEALTHY DEPOSITS: Strong deposits of over $46.4 million


Auction Starts 01/25/2016

Auction Ends 01/27/2016

Property Details
  • Property Type: Land
  • Furnishing: Not Applicable
  • Tenure: Not Applicable
Property Features
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