Polifly Plaza 155 Polifly Rd 46,002 SF 71% Leased Office Building Hackensack, NJ 07601 £7,537,046 (£163.84/SF) 7.16% Net Initial Yield

EXECUTIVE SUMMARY

Value add (or Owner User). Current NOI $716,000. Projected to be around $1,000,000 NOI once fully leased. 13,372 SQ FT vacant. Opportunity zone. Near major highways (80, 17, 46), hospital, and much more. Approximately 49,000 SQ FT on 3 floors with 138 parking spaces. Tenants include Hackensack UMC and a mix of medical and office professional. Approximately 40% medical and up to 65% medical if vacancies are leased to medical tenants.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income £804,045 £17.48
Other Income - -
Vacancy Loss - -
Effective Gross Income £804,045 £17.48
Taxes £73,714 £1.60
Operating Expenses £190,632 £4.14
Total Expenses £264,345 £5.75
Net Operating Income £539,700 £11.73

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
46,002 SF
Building Class
B
Year Built/Renovated
1988/2004
Price
£7,537,046
Price Per SF
£163.84
Net Initial Yield
7.16%
NOI
£539,699
Percent Leased
71%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
15,334 SF
Building FAR
0.87
Lot Size
1.21 AC
Opportunity Zone
Yes
Zoning
B1
Parking
138 Spaces (3 Spaces per 1,000 SF Leased)

AMENITIES

  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

BARBARA L. de MARE provides legal representation along with expertise in specific areas such as: Trusts, Estates and Individual Estate Planning Handling all aspects of estate administration from the simple to the complex, including fiduciary litigation – lawsuits brought by their heirs against executors and trustees. With the recent and proposed changes in the tax laws, Ms. de Mare is making a special effort to reach out to clients and the community to emphasize the need for revised planning. From our Estate Planning base we have expanded our services over the years to meet the business and commercial needs of our clients as well as their personal needs such as in real estate transactions. General Corporate Representation Ms. de Mare has been advising corporate clients on business issues since our inception. The breadth of knowledge and expertise within the firm enables us to service corporate needs, including formation documents, transactional agreements with lenders, s

  • Eday & Assoc LLC
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • Government Strategist
  • Service type
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • Apr 2027

Hackensack Meridian Health is a leading not-for-profit health care organization that is the largest, most comprehensive and truly integrated health care network in New Jersey, offering a complete range of medical services, innovative research and life-enhancing care. In addition to their multiple hospital locations, they are home to several team members and physicians, and patient care locations, including ambulatory care centers, surgery centers, home health services, long-term care and assisted living communities, ambulance services, lifesaving air medical transportation, urgent care centers, physician practice locations, and a fitness and wellness center.

  • Health Care and Social Assistance
  • -
  • -
  • Apr 2016

Compassionate and individualized pediatric care, partnering with parents to bring the best options from classical traditional pediatrics with integrative, complementary medicine.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • Dec 2023

Nowell, P.A. provides legal representation along with special expertise in the following areas: Personal Injury, Environmental Law, Commercial Litigation, Toxic Tort and Long Term Exposure Litigation, Transportation Law, General Negligence, Products Liability, Zoning and Land Use, School Law, Estate and Trust Law, Labor and Employment Law, Real Estate and Tax Appeals.

  • Professional, Scientific, and Technical Services
  • -
  • -
  • -

Certified by the Supreme Court of New Jersey as a Civil Trial Attorney and a Criminal Trial Attorney Criminal Defense, Business Litigation, White Collar Crime, Trial Practice, Chancery Litigation, Commercial Litigation Patrick J. Jennings is a trial attorney who is licensed to practice law in the State of New Jersey and State of New York. Mr. Jennings handles all legal matters in State and Federal Courts in New Jersey and New York. His New Jersey office is located in Hackensack, just outside of New York City. His New York office is located in Saratoga Springs.

  • Patrick Jennings/mark Micucci
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Apr 2015

Local attorneys office based in Hackensack, New Jersey.

  • Polify Group
  • -
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • -

Our mission is to provide you with personalized, high-quality care In every phase of care including office, three hospitals, and multiple nursing homes. We are dedicated to improving and maintaining your health through preventative care and treating chronic diseases.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Professional, Scientific, and Technical Services - - -
Eday & Assoc LLC Professional, Scientific, and Technical Services - - -
Government Strategist Service type - - -
Health Care and Social Assistance - - Apr 2027
Health Care and Social Assistance - - Apr 2016
Professional, Scientific, and Technical Services - - Dec 2023
Professional, Scientific, and Technical Services - - -
Patrick Jennings/mark Micucci Professional, Scientific, and Technical Services - - Apr 2015
Polify Group - - - -
Health Care and Social Assistance - - -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 3rd Floor
  • 4,395 SF
  • Office/Medical
  • Full Build-Out
  • Now
  • 3rd Floor
  • 6,226 SF
  • Office/Medical
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
3rd Floor 4,395 SF Office/Medical Full Build-Out Now
3rd Floor 6,226 SF Office/Medical Full Build-Out Now

3rd Floor

Size
4,395 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

3rd Floor

Size
6,226 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

PROPERTY TAXES

  • Listing ID: 35380444

  • Date on Market: 04/04/2025

  • Last Updated:

  • Address: 155 Polifly Rd, Hackensack, NJ 07601