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175 Fairfield Ave - West Caldwell Office Park 3,000 SF Office/Medical Condo Unit Offered at $640,234 CAD in West Caldwell, NJ 07006
Investment Highlights
- Two medical office condos totaling 3,000 SF, available individually or combined.
- Strong investment appeal with a 6.5% cap rate and future income potential.
- Close proximity to restaurants, retail, and banking services for added convenience.
- Located in a residential area with easy access to Routes 80, 280, and 46.
- Ample parking with a ratio of 5.15 spaces per 1,000 SF for staff and visitors.
- Flexible layout suitable for medical or general office use.
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
| Total Building Size | 40,000 SF | Typical Floor Size | 20,000 SF |
| Property Type | Office (Condo) | Year Built | 1987 |
| Property Subtype | Medical | Lot Size | 3.05 AC |
| Building Class | B | Parking Ratio | 5.15/1,000 SF |
| Floors | 2 | ||
| Zoning | 4A - Business and Professional Offices | ||
| Total Building Size | 40,000 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 20,000 SF |
| Year Built | 1987 |
| Lot Size | 3.05 AC |
| Parking Ratio | 5.15/1,000 SF |
| Zoning | 4A - Business and Professional Offices |
Amenities
- Courtyard
- Security System
- Kitchen
- Storage Space
- Central Heating
- Natural Light
- Reception
- Drop Ceiling
- Air Conditioning
1 Unit Available
Unit 3A & 3B
| Unit Size | 3,000 SF | Sale Type | Investment |
| Price | $640,234 CAD | Cap Rate | 6.80% |
| Price Per SF | $213.41 CAD | NOI | $43,535.91 CAD |
| Condo Use | Office/Medical |
| Unit Size | 3,000 SF |
| Price | $640,234 CAD |
| Price Per SF | $213.41 CAD |
| Condo Use | Office/Medical |
| Sale Type | Investment |
| Cap Rate | 6.80% |
| NOI | $43,535.91 CAD |
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.
Floor Plan
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175 Fairfield Ave - West Caldwell Office Park
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