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175 Fairfield Ave - West Caldwell Office Park
3,000 SF Office/Medical Unit Offered at £375,576 in West Caldwell, NJ 07006
Executive Summary
Discover two strategically positioned medical condominiums nestled within Essex County, New Jersey's prime locale. Each spacious condo boasts 1,500 square feet of versatile space, offering the flexibility to remain separate or seamlessly combine as needed. With an impressive cap rate exceeding 6%, these properties present a secure and reliable investment opportunity. Moreover, their potential for substantial future rental income makes them a compelling choice.
Property Facts
| Price | £375,576 | Building Class | B |
| Unit Size | 3,000 SF | Number of Floors | 2 |
| No. Units | 1 | Typical Floor Size | 20,000 SF |
| Total Building Size | 40,000 SF | Year Built | 1987 |
| Property Type | Office (Unit) | Lot Size | 3.05 AC |
| Property Subtype | Medical | Parking Ratio | 5.15/1,000 SF |
| Sale Type | Investment |
| Price | £375,576 |
| Unit Size | 3,000 SF |
| No. Units | 1 |
| Total Building Size | 40,000 SF |
| Property Type | Office (Unit) |
| Property Subtype | Medical |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 2 |
| Typical Floor Size | 20,000 SF |
| Year Built | 1987 |
| Lot Size | 3.05 AC |
| Parking Ratio | 5.15/1,000 SF |
1 Unit Available
Unit 3A & 3B
| Unit Size | 3,000 SF | Sale Type | Investment |
| Price | £375,576 | Net Initial Yield | 6.00% |
| Price Per SF | £125.19 | NOI | £22,534.56 |
| Unit Use | Office/Medical |
| Unit Size | 3,000 SF |
| Price | £375,576 |
| Price Per SF | £125.19 |
| Unit Use | Office/Medical |
| Sale Type | Investment |
| Net Initial Yield | 6.00% |
| NOI | £22,534.56 |
Description
Two medical condos, ideally situated in Essex County, NJ, await your consideration. Each unit encompasses a generous 1,500 square feet and can either remain independent or be merged to suit your needs. With a robust cap rate exceeding 6%, these condos represent a stable and attractive investment prospect. Furthermore, their potential for substantial future rental income makes them an enticing choice. Additionally, owner/users are welcomed, especially given that the current tenant has only three years remaining on their lease.
Sale Notes
Two medical condos, ideally situated in Essex County, NJ, await your consideration. Each unit encompasses a generous 1,500 square feet and can either remain independent or be merged to suit your needs. With a robust cap rate exceeding 6%, these condos represent a stable and attractive investment prospect. Furthermore, their potential for substantial future rental income makes them an enticing choice. Additionally, owner/users are welcomed, especially given that the current tenant has only three years remaining on their lease.
Amenities
- Courtyard
- Security System
- Kitchen
- Storage Space
- Central Heating
- Natural Light
- Reception
- Suspended Ceilings
- Air Conditioning
zoning
| Zoning Code | 4A (Business and Professional Offices) |
| 4A (Business and Professional Offices) |
-
Jianning Meng -
RealMart Realty
Presented by
175 Fairfield Ave - West Caldwell Office Park
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