Property
Cranford Twp., NJ 07016 101 South Ave
$3,990,000
11 more
Presented By: BHHS FOX & ROACH; 908-938-6405
Full/Half Baths • 0 / 2- SQFT • 4,050
Full/Half Baths • 0 / 2
SQFT • 4,050Home Details
UNBELIEVABLE: BANK OF AMERICA LONG TERM GROUND LEASE, 4,050 SF BANK BUILDING WITH DOUBLE DRIVE THROUGH LANES, HARD CORNER SIGNALIZED INTERSECTION IN AFFLUENT CRANFORD TOWNSHIP, UNION COUNTY LOCATION, 30K VEHICLES PER DAY, LESS THAN 1/2 MILE FROM CRANFORD NJ TRANSIT STATION, FOUR (4) FIVE (5) YEAR RENEWAL OPTIONS WITH 20% RENT INCREASES EACH OPTION, BANK OF AMERICA (NYSE:BAC) HAS A STANDARD & POOR'S CREDIT RATING OF A-/STABLE, $67M+ DEPOSITS AT THIS LOCATION, EXCELLENT DEMOGRAPHICS WITH OVER 461K PEOPLE WITHIN 5 MILES AND AN AVERAGE HOUSEHOLD INCOME OVER$167K, EASY ACCESS TO MANY LOCAL HIGHWAYS INCLUDING 1 - 95, GARDEN STATE PARKWAY, ROUTE 22, 28, 9 AND I-78, MANY NATIONAL RETAILERS INCLUDING DUNKIN DONUTS, HOME DEPOT, SHOPRITE, McDONALDS, QUICK CHECK, WAWA AND WENDY'S, NOI: $319,440 CAP RATE: 8.00 %
Presented By: BHHS FOX & ROACH; 908-938-6405
Interior Features for 101 South Ave
Bathrooms
Half Baths2
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft4050
FlooringCarpeting, Laminate, See Remarks
Fuel TypeGas-Natural
Total Stories1
General for 101 South Ave
Cap Rate7.50
ConstructionBrick/Block
CoolingSee Remarks
CountyUnion
Directions101-103 SOUTH AVE WEST AT CORNER OF LINCOLN AVE WEST
Documents AvailableSee Remarks
DriveLighting, Parking Lot-Exclusive, See Remarks
EasementUnknown
Equipment AvailableFire Alarm, See Remarks, Sign - Freestanding
Farm AssessmentNo
HeatingSee Remarks
Leasable Area
Lease IncludesSee Remarks
Lease InformationSee Remarks
Lease TypeNet
LocationBusiness District, See Remarks
Net Operating Income319440
Number Of Units Total1
OwnerPaysSee Remarks
OwnershipFee Simple
Permitted UseCOMMERCIAL
PossessionBY AGREEMENT
Prior UseBANK
Property TypeSee Remarks
Property TypeSee Remarks
RoofAsphalt Shingle
SewerPublic Sewer, See Remarks
Standard StatusActive
StatusActive
Tax Annual Amount47595
Tax Assessed Value671400
Tax Lot1
Tax Year2024
Tenant PaysSee Remarks
Town #2903
TownshipCranford Twp.
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built9999
ZoningCOMMERCIAL
Exterior for 101 South Ave
Building Area Total4050
Exterior DescriptionBrick/Block
Lot Dimensions20446 SF
Lot FeaturesLevel Lot
Lot Size Acres0.47
Max Ceiling Height11
Max Door Height7
Number of Bays0
Number of Docks0
Water SourcePublic Water
Additional Details
Price History
Charles Torres
Owner