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110 E Ridgewood Ave 6,000 SF 100% Leased Office Building Paramus, NJ 07652 $4,385,312 CAD ($730.89 CAD/SF) 5.10% Cap Rate
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.
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- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,000 SF
Building Class
B
Year Built
1963
Price
$4,385,312 CAD
Price Per SF
$730.89 CAD
Cap Rate
5.10%
NOI
$223,651 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,000 SF
Building FAR
0.34
Lot Size
0.41 AC
Zoning
BL
Parking
6 Spaces (1 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- High Ceilings
- Direct Elevator Exposure
- Natural Light
- Reception
- Secure Storage
- Drop Ceiling
- Air Conditioning
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Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 46-06301-0000-00003 | Improvements Assessment | $1,976,147 CAD |
| Land Assessment | $574,013 CAD | Total Assessment | $2,550,160 CAD |
Property Taxes
Parcel Number
46-06301-0000-00003
Land Assessment
$574,013 CAD
Improvements Assessment
$1,976,147 CAD
Total Assessment
$2,550,160 CAD
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110 E Ridgewood Ave
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