A trophy building in desirable Morristown, NJ this condoed building has 5 units occupying 12,000 of the total 18,000 sq feet of the complex. This Medical office complex is a Class A asset with elevator and large parking lot. On the main corridor and situated near 2 major hospitals, its space is incredibly desirable. This property was acquired below market value, and boasts strong cash flow returns to investors and has an excellent outlook for long term appreciation.
100, 200, 300 Overlook Dr. Monroe, NJ
Another trophy complex in Monroe, NJ, the Pondview complex is comprised of three single story buildings. Tenants in this property include Fortune level enterprise Davita Dialysis as well as regional players Hackensack Meridian and Parker Adult Day Care. This property is incredibly pleasing both to the eye and investor with incredibly high cash returns, and was acquired substantially below market value. All leases here are triple net plus management fee, leaving investors bearing no cost of management.
This was our first joint venture. This is a 5,800 sq foot retail center on the main drag of Bergenfield, NJ. With stabilized long term leases, the building was acquired at market value with a value added opportunity to substantially increase rental income at the end of current leases. Upon reset to 85% of market rents this property will increase by approximately 20% in value, an estimated 70% increase from principal down payment, in addition to the nominal cash returns drawn by investment group during the current leases.
Woodbine Center is a 60,000 square foot 17 unit multi-tenanted industrial property located in Bergenfield, NJ. Situated in the heart of southern Bergen County with close access to the broader metro NYC area. Built in 1970 with a single story sitting on two acres, the property has multiple loading docks, and many drive in doors supporting small to medium sized businesses. Having purchased with sub-market rents and mostly gross leases, SNS is repositioning the building by marking to market both rents and engaging new leasing as triple net leases. This building is a strong Class B industrial asset in one of the hottest markets in the country.
This Industrial complex is one ~60,000 square foot multi tenanted property located in Pennsauken, NJ. Just minutes from Philadelphia, PA, it offers quick access to that market to three tenants. It is situated in the center of a 2 Million Square foot industrial park, and has loading docks for each tenant space. Having purchased this property with below market leases, SNS will reposition the building by marking rents to market and engaging new leasing into triple net leases. This Strong Class B industrial Asset sits in a high demand, and ultra low vacancy market, where few buildings trade.