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211 E Route 4
Paramus, NJ 07652

GROUND LEASE FOR SALE · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
18,000 SF
Building Class
B
Year Built/Renovated
1967/2000
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
2.05 AC
Zoning
BL
Parking
97 Spaces (5.39 Spaces per 1,000 SF Leased)

About 211 E Route 4 , Paramus, NJ 07652

NKF Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the ground leasehold interest in 211 Route 4, leased to iFLY in Paramus. NJ. Strategically located just minutes from the Garden State Parkway, NJ Turnpike and less than 10 miles from the George Washington Bridge, the ground lease is comprised of a brand-new 5,287 SF building leased out to iFLY. iFLY recently signed their lease for this location and open its doors in April 2018. iFLY is an experiential entertainment company that created modern indoor skydiving. Today, iFLY has 37 locations around the world in the US, Canada, Europe and Asia, and the list continues to grow annually. 211 Route 4 represents an excellent opportunity for a new owner to take advantage of the rare opportunity to acquire a ground lease in one of the best retail corridors in the country along with an attractive yield.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
46-01410-0000-00001
Land Assessment
$3,980,000
Improvements Assessment
$2,474,700
Total Assessment
$6,454,700
  • Listing ID: 13076619

  • Date on Market: 7/5/2018

  • Last Updated:

  • Address: 211 E Route 4, Paramus, NJ 07652

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