1080 Stelton RdPiscataway, NJ 08854

For Sale
$5,000,000

NJ Medical Office Building, 100% Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents the Hadley Medical Center, a two-story, 14,562-square-foot Class B medical office building situated at 1080 Stelton Rd, Piscataway, NJ 08854. The property boasts a strong tenant roster including Meridian Health Care (anchor tenant), Physical Therapy, a Doctor's Office, and a dental practice (Precious Smiles), and a Cardiologist, ensuring 100% occupancy. Built in 1985 and renovated in 2014, the building features a new roof and HVAC system. The property offers ample parking (4.5 spaces per 1,000 sq ft) and is conveniently located at a signalized intersection, providing excellent visibility and accessibility. The Net Lease investment features a corporate guarantee and annual rent bumps of 2.5%. The asking price is $5,000,000, representing a compelling $343.36 per square foot and a 6.93% cap rate with a current NOI of $346,474. The property benefits from its proximity to major roadways including Route 287, the New Jersey Turnpike (95), the Garden State Parkway, and Routes 1, 18, 22, I-78, and I-80, as well as prominent healthcare facilities such as St. Peter's Hospital, Robert Wood Johnson Hospital, and JFK Medical Center. The surrounding area offers a robust demographic profile, with a population of 340,473 residents within a 5-mile radius and an average household income of $115,919. Numerous retail amenities, including Marshalls, HomeGoods, Target, and other national brands, are conveniently located nearby. This is a rare opportunity to acquire a stable, high-performing medical office building in a prime New Jersey location. Lease terms vary.

Highlights

  • Recently upgraded with a new roof and HVAC system.
  • Elevator service.
  • Ample parking (4.5 spaces per 1,000 sq ft).
  • Minutes from St. Peter's, Robert Wood Johnson, and JFK Medical Centers.
  • Nearby amenities include shopping, banking, hotels, and restaurants.
  • Less than one mile from Route 287, with easy access to NJ Turnpike (95) and the Garden State Parkway.

Property Details for 1080 Stelton Rd

Property type
Other office properties, Medical offices
Square Feet
14,562 SF
Class
B
Year Built/Renovated
1985/2014
Stories
2

Location Insight

City
Piscataway
County
Middlesex
State
New Jersey
Latitude
40.5479621
Longitude
-74.4294341
1080 Stelton Rd, Piscataway, New Jersey

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1080 Stelton Rd
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