110 E Ridgewood Ave
6,156 SF 100% Leased Office Building Paramus, NJ 07652 $3,200,000 ($519.82/SF) 5.10% Cap Rate
EXECUTIVE SUMMARY
Investment Overview:
This is a prime investment opportunity in the heart of Paramus, NJ, featuring a well-maintained medical office building with a long-term tenant, an urgent care facility. With the medical sector’s growth and stability, this property ensures a consistent cash flow with minimal vacancy risk, making it a solid asset for investors seeking steady income and future appreciation.
This is a prime investment opportunity in the heart of Paramus, NJ, featuring a well-maintained medical office building with a long-term tenant, an urgent care facility. With the medical sector’s growth and stability, this property ensures a consistent cash flow with minimal vacancy risk, making it a solid asset for investors seeking steady income and future appreciation.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,156 SF
Building Class
C
Year Built
1963
Price
$3,200,000
Price Per SF
$519.82
Cap Rate
5.10%
NOI
$163,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,078 SF
Building FAR
0.34
Lot Size
0.41 AC
Zoning
BL
Parking
6 Spaces (0.97 Spaces per 1,000 SF Leased)
AMENITIES
- Central Heating
- High Ceilings
- Direct Elevator Exposure
- Natural Light
- Reception
- Secure Storage
- Drop Ceiling
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 46-06301-0000-00003 | Improvements Assessment | $1,408,100 |
| Land Assessment | $417,000 | Total Assessment | $1,825,100 |
