Map of Property

Randolph Medical Arts Building

765 Route 10 Randolph, Randolph, NJ 07869

  • For Sale $2,973,670
  • 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

Contacts

broker

Kim Kretowicz Is this you?

Wolf Commercial Real Estate

Location

Getting Around

  • Walk Score ®

    24/100 Car-Dependent

  • Bike Score ®

    14/100 Somewhat Bikeable
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  • 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

  • Dairy Queen

    0.14 miles

  • Mondo Pizza

    1.02 miles

  • Wendy's

    1.19 miles

  • Zuzanna's Gourmet

    1.67 miles

  • Black River Barn

    1.83 miles

  • Dunkin' Donuts

    1.85 miles

  • Domino's

    2.38 miles

  • Arepas Paisas

    2.58 miles

  • IHOP

    2.66 miles

  • Pancho Villa Rodeo

    2.76 miles

  • County College of Morris

    0.60 miles

  • DeMare hall

    0.62 miles

  • Emeriti Hall

    0.67 miles

  • Henderson Hall

    0.71 miles

  • Canfield Avenue Elementary School

    1.34 miles

  • Center Grove Elementary School

    1.48 miles

  • Fernbrook Elementary School

    1.49 miles

  • Ironia Elementary School

    2.08 miles

  • American Christian School

    2.10 miles

  • Academy Street Elementary School

    2.15 miles

  • Morris Plains Co-Op Play School

    5.62 miles

  • Bright Horizons

    5.75 miles

  • Kiddie City Care Academy

    6.24 miles

  • The Goddard School

    6.28 miles

  • First Impressions Nursery School

    6.64 miles

  • Cradles To Crayons

    7.14 miles

  • Cradles to Crayons

    7.39 miles

  • Kiddie Academy

    7.80 miles

  • Children's Circle at Saint Andrew Lutheran Church

    9.92 miles

  • KinderCare

    9.98 miles

Frequently Asked Questions

How much does Randolph Medical Arts Building cost?

The space currently listed for sale at Randolph Medical Arts Building asks for $2,973,670.

What is the total square footage of Randolph Medical Arts Building?

Randolph Medical Arts Building totals 25,671 square feet.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Kim Kretowicz Is this you?

Wolf Commercial Real Estate