913 Rt 23 8,000 SF 100% Leased Office Building Pompton Plains, NJ 07444 $1,390,000 ($173.75/SF) 5.63% Cap Rate
INVESTMENT HIGHLIGHTS
- Great highway location
EXECUTIVE SUMMARY
Great highway location. Excellent property as an investment or for own/partial use. Fully leased to long-standing tenants/owner occupies small office. NOI is current and is not based on future rent potential. For further details see attached fact sheet or contact Gary Molner: 973-650-3147 or gary@garymolnerrealtor.com.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
8,000 SF
Building Class
C
Year Built
1979
Price
$1,390,000
Price Per SF
$173.75
Cap Rate
5.63%
NOI
$78,200
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,000 SF
Building FAR
0.23
Lot Size
0.79 AC
Zoning
R-15 - See town zoning
Parking
38 Spaces (4.75 Spaces per 1,000 SF Leased)
1 of 1
PROPERTY TAXES
| Parcel Number | 31-00304-0000-00024 | Improvements Assessment | $240,500 |
| Land Assessment | $889,800 | Total Assessment | $1,130,300 |
CONTACTS
-
Gary Molner -
Brian Molner
- AVM Management
