Map of Property

Randolph Medical Arts Building

For Sale

765 Route 10 Randolph, Randolph, NJ 07869

This Randolph property for sale is located at 765 Route 10 Randolph. The current listed sale price for Randolph Medical Arts Building is $2,973,670. Randolph Medical Arts Building is situated on a lot that is 5.9 acre in size.

Contacts

broker

Kim Kretowicz

Wolf Commercial Real Estate

Property Details

  • Property Type Office - Medical Office
  • Property Size 25,671 SF
  • Lot Size 5.9 Acre
  • Cap Rate % 10
  • Additional Rent Contact for pricing
  • # of Floors 2
  • Date Updated Nov 5, 2024

Class A Medical Outpatient Building (MOB)

Lease Hold Interest

8 Tenants – 100% Occupied

NOI: $297,367

10% Cap Rate

18.4% IRR

 

Wolf Commercial Real Estate (WCRE | CORFAC International), as an exclusive broker, is pleased to present a 25,671 SF Class A Medical Office NNN investment opportunity. This Lease Hold Interest asset is subject to a long-term ground lease with three, ten-year options.

 

The eight-tenant asset provides investors “sticky tenants” stability with ID Care, infectious disease treatment specialists, occupying 26% of the property. Lehnes Orthodontist opened a state of the art 3,937 SF orthodontist office in 03/2022 and contributed over $125 psf +- tenant improvements and secured a fifteen(15-year) lease. Alliance Orthopedics committed to a seven (7-year) lease and is contributing $75 psf +- tenant improvements.

 

The asset’s paramount tenants establish the value, with the quality construction and location underscoring the value. The asset presents a Core Plus investment with a 10% Cap Rate and 18.64% Internal Rate of Return

(IRR) for a seven-year hold.   

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 24/100

    Walk Score ®

  • 14/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Randolph, NJ
  • Neighborhood Randolph
  • Zip Code 07869
  • Market New Jersey

Points of Interest

  • Morris Plains

    6.28 miles

  • Convent Station

    9.46 miles

  • Bernardsville

    9.87 miles

  • Shell

    1.55 miles

  • 76

    2.35 miles

  • Delta

    2.55 miles

  • BP

    2.63 miles

  • Fuel 4

    3.00 miles

  • Speedway

    3.05 miles

  • Star Fuel

    3.46 miles

  • Costco Gas

    3.54 miles

  • QuickChek

    3.57 miles

  • Tesla Supercharger

    3.87 miles

  • P9

    0.36 miles

  • P7

    0.47 miles

  • P8

    0.50 miles

  • P6

    0.59 miles

  • P5

    0.70 miles

  • P4

    0.77 miles

  • P1

    0.78 miles

  • P2

    0.82 miles

  • P3

    0.83 miles

  • NJ Transit Mt. Arlington

    3.43 miles

  • Roxbury Motel

    3.34 miles

  • TownePlace Suites Dover Rockaway

    3.34 miles

  • Homewood Suites by Hilton Dover - Rockaway

    3.40 miles

  • Courtyard Rockaway-Mt. Arlington

    3.65 miles

  • Hilton Garden Inn Rockaway

    3.89 miles

  • Express Hotel & Suites (Mount Arlington-Rockaway Area)

    3.91 miles

  • Quality Inn

    4.64 miles

  • Kingtown Motel

    5.58 miles

  • Lakeside Motel

    5.74 miles

  • Hampton Inn Denville/Rockaway/Parsippany

    5.91 miles

  • Bravo

    2.36 miles

  • ShopRite

    3.03 miles

  • Morris Canal Plaza

    3.22 miles

  • The Shops at Ledgewood Commons

    3.33 miles

  • Walmart Supercenter

    3.38 miles

  • Big Lots

    3.39 miles

  • Target

    3.66 miles

  • Walmart

    3.71 miles

  • JCPenney

    3.81 miles

  • Rockaway Townsquare Mall

    3.88 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Kim Kretowicz

Wolf Commercial Real Estate