ABERDEEN OFFICE COMPLEX 675 LINE RD ABERDEEN, NJ 07747 18,000 SF of Office Buildings in Great Location with Prime Access to GS Parkway, NJ Turnpike, Routes 9, 18, 33, 34, 35, 36 & 79

Located 2 Minutes from Parkway Exit 117

Presented by Richel Commercial Brokerage Steve Richel, Gregory Elmiger | 732.720.0538 | www.richelcb.com PROPERTY OVERVIEW

Address: 675 Line Road Aberdeen, NJ 07747

Block/Lot: Block 12- Lot 7.01 Acres: 2.82

Office RBA: 18,600 +/- RSF

Occupancy: 100%

Location Overview: The property is centrally located and in close proximity to the Garden State Parkway Exit 117A, NJ Turnpike, Routes 9, 18, 33, 34, 35, 36 & 79

Asking Price: $2,400,000 or $129 Per Square Foot

2 PROPERTY OVERHEAD VIEW

Small Professional Office Park Four Buildings, 18,000 SF NRA, Abundant Parking

3 OVERVIEW OF ABERDEEN, NJ

• Aberdeen is part of the Raritan Bayshore Region that features dense residential neighborhoods, maritime history, and the natural beauty of the Raritan Bay coastline.

• As of the 2010 United States Census, the township's population was 18,210 reflecting an increase of 756 (+4.3%) from the 17,454 counted in the 2000 Census, which had in turn increased by 416 (+2.4%) from the 17,038 counted in the 1990 Census.

• In terms of distances, the property is located approximately 6 minutes from the Aberdeen Train Station, 19 minutes from Fast Ferry to New York City and 30 minutes to Newark Airport.

4 PROSPEROUS SUBURBAN MARKET

Aberdeen’s $92k Median Household Income is almost double the US Average

ABERDEEN

5 IDEALLY LOCATED IN CENTRAL NEW JERSEY

675 Line Road Office Complex is in close proximity to all major highways making this location ideally suited to satisfy any business with logistical needs in Central New Jersey. The offices provide almost immediate access to the Garden State Parkway, NJ Turnpike, Routes 9, 18, 33, 34, 35, 36 & 79

6 LOCAL TRAVEL ANALYSIS 10-MINUTE DRIVING DISTANCE

Aided by access to all major highways, driving 10 Minutes from 675 Line Road in each direction covers an impressive 72 square miles.

The maximum destinations are:

North ^ South Amboy

South v Colts Neck

East > Middletown

West < Marlboro

7 PROFORMA

2018 Proforma: 675 Line Road Aberdeen, NJ

Rental Income $274,692 CAM Reimburse $50,502 Total $325,194

Less: Vacancy Loss -5% ($16,260)

Effective Gross Income $308,934

Actual and Estimated Expenses Real estate taxes ($53,000) Maintenance ($30,893) Insurance ($10,191) Utilities ($5,000) Property Management -3% ($9,268) Total ($108,352)

Net Operating Income $200,582 Cap Rate 8.00% Valuation $2,507,275

8 REGIONAL MAP

9 SITE SURVEY

10