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117 Fort Lee Rd 21,945 SF 100% Leased Office Building Leonia, NJ 07605 $7,177,958 CAD ($327.09 CAD/SF) 7.31% Cap Rate
Investment Highlights
- Efficient access to Manhattan, New Jersey, and the broader Northeast corridor.
- Property sits directly across from a proposed light rail stop with a planned connection to Hoboken, positioning the site for long-term transit growth.
Executive Summary
Renovated mixed-use flex property in a prime Bergen County location adjacent to Overpeck County Park, featuring a combination of car wash, office, and industrial space with private parking. The building offers high occupancy with clear upside potential, enhanced by new windows, an updated exterior facade, and renovated common areas. Strategically positioned 2 miles from the George Washington Bridge and 1.5 miles from the NJ Turnpike and Route 80 interchange, the property also benefits from its location directly across from a proposed light rail station with a planned connection to Hoboken, further strengthening long-term value and demand.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
21,945 SF
Building Class
C
Year Built/Renovated
1957/2018
Price
$7,177,958 CAD
Price Per SF
$327.09 CAD
Cap Rate
7.31%
NOI
$525,055 CAD
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
10,973 SF
Building FAR
1.33
Lot Size
0.38 AC
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Property Taxes
| Parcel Number | 29-00802-0000-00019 | Improvements Assessment | $1,049,019 CAD |
| Land Assessment | $550,137 CAD | Total Assessment | $1,599,156 CAD |
Property Taxes
Parcel Number
29-00802-0000-00019
Land Assessment
$550,137 CAD
Improvements Assessment
$1,049,019 CAD
Total Assessment
$1,599,156 CAD
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117 Fort Lee Rd
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