110 E Ridgewood Ave
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110 E Ridgewood Ave
6,156 SF 100% Leased Office Building Paramus, NJ 07652 £2,553,120 (£415/SF) 5.10% Net Initial Yield
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
£2,553,120
Price Per SF
£415
Net Initial Yield
5.10%
NOI
£130,209
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
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
- Lift Access
- Natural Light
- Reception
- Secure Storage
- Suspended Ceilings
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 46-06301-0000-00003 | Improvements Assessment | £1,123,453 |
| Land Assessment | £332,703 | Total Assessment | £1,456,156 |
PROPERTY TAXES
Parcel Number
46-06301-0000-00003
Land Assessment
£332,703
Improvements Assessment
£1,123,453
Total Assessment
£1,456,156
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110 E Ridgewood Ave
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