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385 Clinton Ave 10,000 sq ft 100% Let Office Property Wyckoff, NJ 07481 £1,868,250 (£186.83/sq ft) 7.01% Net Initial Yield



INVESTMENT HIGHLIGHTS
- 52 Parking Spaces
- Rear Building Cameras
- Partial Basement
EXECUTIVE SUMMARY
Medical space available for owner occupancy while receiving income from tenants! Discover a rare investment gem in Wyckoff's business triangle. This approximately 10,000-square-foot office building offers an ideal opportunity for investors or owner occupants, situated in a prime location near shopping plazas, popular restaurants, and other thriving businesses. With easy access to major highways; 287, 208, and Rt.17, the property is both convenient and highly visible to tenants and clients alike. The building spans two floors with 15 office suites and includes four modern shared bathrooms, three suite bathrooms, a kitchenette, and a partial basement. The property offers ample parking with 52 spaces, ensuring ease of access. Recent updates, including freshly painted common areas and updated bathrooms, contribute to a polished, professional atmosphere. Currently boasting consistent tenant occupancy, this property promises immediate income potential and long-term stability for a turn-key investment in a highly desirable location.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Property Size
10,000 sq ft
Costar Property Class
B
Year Built
1979
Price
£1,868,250
Price per sq ft
£186.83
Yield
7.01%
NOI
£130,879
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
5,000 sq ft
Plot ratio
0.33
Total Plot Size
0.70 ac
Use Class
B-1A
Parking
52 Spaces (5.2 Spaces per 1,000 sq ft Leased)
1 1
Walk Score®
Easily Walkable (71)
PROPERTY TAXES
| Parcel Number | 70-00226-0000-00007 | Improvements Assessment | £1,028,957 |
| Land Assessment | £488,286 | Total Assessment | £1,517,243 |
PROPERTY TAXES
Parcel Number
70-00226-0000-00007
Land Assessment
£488,286
Improvements Assessment
£1,028,957
Total Assessment
£1,517,243
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385 Clinton Ave
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