FOR Sale
8 UNIT MIXED-USE PROPERTY
Perth Amboy, NJ 08861
investment
highlights
+ 
Balance of Commercial and Residential Tenants Mitigates Risk
+ 
Long Term Apartment Tenants
+ 
Separately Metered Units
+ 
Upside in Below Market Apartment Rents
+ 
Excellent Demographics-Average HH Income over $90k within 5 Miles
+ 
Recent Capital Improvements
the
offering

CBRE’s Investment Properties Group is pleased to present 165 Washington Street, a two-story mixed-use property located in Perth Amboy, Middlesex County, New Jersey. The 16,800+/- square foot building rests on .34 acres at the lighted intersection of Washington and Division Streets. The first floor is occupied by two commercial tenants, All Stars Academy Childcare and La Pena Produce Warehouse, while the second floor consists of two three-bedroom and three one-bedroom apartments.

The building underwent major renovation in 2006 when the current owners purchased the building and received approval to add the apartments. All but one of the apartments are occupied by the original tenants, who pay their own electric and gas. The childcare tenant, All Star Academy, operates two locations in Perth Amboy and provides "Latch Key" childcare before and after school to working parents. In addition to meeting state licensing requirements for child care facilities, the property is ideal for this use being walking distance from not just the residential homes and apartment complexes, but also several schools. La Pena Produce is a wholesale food distributor and has been in business since 2010.

Apartment rents are below market allowing for immediate upside in a town with a low market vacancy rate of 2.9%. The balance of commercial and multifamily tenants also mitigates landlord risk, and investors should consider adding 165 Washington Street to their portfolios.
CONTACT
US
STEVE MARIANI
Vice President
+1 732 509 2803
steve.mariani@cbre.com
NAT GAMBUZZA
Senior Vice President
+1 201 712 5656
nat.gambuzza@cbre.com
BRIAN ANTOGNINI
Team Manager
+1 201 712 5652
brian.antognini@cbre.com
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offering
memorandum
Capital Markets | Investment Properties
 
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