765 Route 10, Randolph, NJ

Randolph Arts Medical Building 765 Route 10 Randolph, NJ 07869

Randolph Medical Arts Building
765 Route 10
Randolph, NJ 07869

Medical Outpatient Building Exclusive Investment

Property Type: Investment, Medical



Spaces Available / Floor Plans:

25,671 SF (Two-Story Building) situated on 5.9 acres 


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.

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