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Washington Place
Newark, NJ 07102
Asking Price
$2.75M
Cap Rate
10.84%
Asset Type
Retail
Class
Class B
What's Special
Retail | 10.84% Cap Rate | 4,838 Sq Ft <p><strong>LONG TERM LEASE: </strong>The Property is 100% leased to Patriot First Professional Services, Inc, which has occupied the building since 2018. In 2025 Patriots Professional Services preemptively extended their lease, demonstrating their commitment to the site and the market. Patriot First Professional Services, Inc has 7+ years remaining on their lease. </p><p><strong>ATRRATIVE RENT INCREASES:</strong> Patriot First Professional Services, Inc’s lease has an attractive rent schedule wi
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NOI
$80,000
Cap Rate
2.91%
DSCR
0.49
Underwater
Cash-on-Cash
-10.09%
Monthly Payment
$13,605.5
Annual Cash Flow
$-83,265.995
