111 E High Street

Description

Welcome to 111 E. High St. Glassboro, NJ the anchor building for the Glassboro Arts and Entertainment District and the gateway of the downtown area and Rowan Boulevard. An absolute stunning, well-built, well maintained 12,850 sq. ft. building inside and out with upgrades throughout every area of the facility. The building features the Academy of the Performing Arts, the anchor tenant The Dance Factory, Lapierre Ballroom Dancing, a Pizzeria/ cafe on the first floor along with a small photography studio. The building opens to a large atrium area that has a 350 sq. ft. lobby/ reception area with access for all studios, well - lit building with large windows and high ceilings throughout the 3-story building with elevator access, 4 large restrooms & 2 private . The Dance studio occupied 58 % of the building and has been a tenant since the building was built in 2011 and has a long-term lease in place. The building is 100% occupied with great tenants with leases in place and all expenses covered by the tenants. The building features state of the art security system, 32 camera system, tinted low-E glass for energy savings, super insulated walls to reduce HVAC needs. The electric is supplied by Solar 15+kWh of electricity annually , approximately 30% needs are met by solar system, 65 panels on roof.This is a must see building for investors looking for a well-run, stable investment property in a thriving area with great income and even more potential with an extra lot adjacent to the property for expansion. The lot has preliminary approvals for a 9k sq. ft. building and is in high demand for the area. The parking lot in the rear of the property is public and has ample amount of space for this building and is maintained by the township.Please call or email for complete details, full financials and plans for the buildings. Also offering memorandum can be found in documents.