Office/Contract Info

For Sale

Yes

Exchange

No

For Lease

No

Lease Rate $/Sq Ft

0

Remarks & Misc

Property Description

An outstanding investment opportunity awaits! This 30,692± SF multi-tenant professional office building presents an attractive proposition for investors. Fully leased and generating consistent income, the property offers strong stability and long-term value. The list price reflects an 9% CAP rate, providing a compelling return profile for qualified buyers. Planned parking lot asphalt improvements are scheduled for summer 2026, further supporting the property's long-term appeal and functionality. Financials and a current rent roll are available upon execution of a signed NDA, offering a complete picture of performance and revenue potential. This well-positioned asset makes a strategic and reliable addition to any investment portfolio. Located just off the Grant Street exit on SR-79, 195 Union Street offers exceptional accessibility and convenience for office users. This well-positioned location provides quick and easy access to downtown Newark, placing your business just minutes from government offices, financial institutions, dining, and everyday services. Its central setting supports strong connectivity while maintaining a professional and easily reachable address, making it an ideal choice for businesses that value efficiency, visibility, and convenience. Fully leased with consistent in-place income 30,692± SF multi-tenant professional office building Attractive 8% CAP rate at list price Financials & current rent roll available with signed NDA

Income/Expenses

Gross Income

0

Net Operating Income

0

Total Expenses

0

Addl Acceptance Cond

None Known

Yes

Expenses Paid by L

All

Yes

T Reimburses L

Curr Yr Est $/SF TRL

0

Heat Fuel

Gas

Yes

Water Source

Public

Yes

Services Available

Electricity Available

Yes

Natural Gas Available

Yes

Sewer Available

Yes

Storm Sewer

Yes

Water Available

Yes

Alternate Uses

Commercial

Yes

Building Type

Multi Tenant

Yes

MLS Primary PhotoSrc

Realtor Provided

Yes

Property Features