Trenton (Office), Trenton, NJ 08638
Sale
[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 Type: Land
- Furnishing: Not Applicable
- Tenure: Not Applicable