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Med/Office Strip + Bank Drive-Thru End Cap 275-277 Forest Ave 45,900 SF 100% Leased Office Building Paramus, NJ 07652 For Sale
INVESTMENT HIGHLIGHTS
- 275-277 Forest Avenue is a 45,900-square-foot multi-tenant medical office building with a drive-thru end cap.
- Cash-flowing investment of seven medical office tenants, TD Bank (end cap drive-thru), and a Verizon cell tower on the roof.
- In an affluent and stable realm with a 3-mile population of 137,591 residents and an average household income of about $145,000.
- At the lighted corner intersection of Forest Avenue and Spring Valley Road, a great location in a high-traffic area.
- Route 4 and 17 corridors’ high concentration of retail/ office developments has some of the most successful retail locations in the state & nation.
- Prominent frontage along Forest Avenue provides built-in pylon and building signage exposure to more than 21,300 VPD.
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
45,900 SF
Building Class
B
Year Built/Renovated
1965/2024
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
22,950 SF
Building FAR
0.33
Lot Size
3.18 AC
Zoning
NB - Neighborhood Business
Parking
125 Spaces (2.72 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Banking
- Controlled Access
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 46-03815-0000-00013 | Improvements Assessment | $15,576,179 CAD |
| Land Assessment | $3,499,739 CAD | Total Assessment | $19,075,918 CAD |
PROPERTY TAXES
Parcel Number
46-03815-0000-00013
Land Assessment
$3,499,739 CAD
Improvements Assessment
$15,576,179 CAD
Total Assessment
$19,075,918 CAD
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Med/Office Strip + Bank Drive-Thru End Cap | 275-277 Forest Ave
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