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315-321 Crooks ave 18,000 SF Specialty Building Offered at $13,366,499 CAD at a 5.05% Cap Rate in Paterson, NJ 07503
Investment Highlights
- Great Investment
- Newly Built
- $40,000/M lease NNN
Executive Summary
DO NOT VISIT THE PROPERTY OR DISTURB THE TENANT. ALL SHOWINGS ARE STRICTLY BY APPOINTMENT ONLY!
Exceptional investment opportunity featuring a newly constructed commercial building with a strong single-tenant NNN lease generating $40,000 per month in rental income. This impressive 3-story property sits on a 100' x 150' lot and offers a spacious rear parking lot, providing excellent functionality for the current tenant and long-term value for investors.
This is an ideal turnkey asset for investors seeking immediate cash flow with minimal landlord responsibilities under a triple-net lease. Whether you're looking to add a stable income-producing property to your portfolio or secure a long-term appreciation opportunity, this property checks all the boxes.
Exceptional investment opportunity featuring a newly constructed commercial building with a strong single-tenant NNN lease generating $40,000 per month in rental income. This impressive 3-story property sits on a 100' x 150' lot and offers a spacious rear parking lot, providing excellent functionality for the current tenant and long-term value for investors.
This is an ideal turnkey asset for investors seeking immediate cash flow with minimal landlord responsibilities under a triple-net lease. Whether you're looking to add a stable income-producing property to your portfolio or secure a long-term appreciation opportunity, this property checks all the boxes.
Property Facts
| Price | $13,366,499 CAD | Building Class | A |
| Price Per SF | $742.58 CAD | Lot Size | 0.34 AC |
| Sale Type | Investment NNN | Building Size | 18,000 SF |
| Cap Rate | 5.05% | No. Stories | 3 |
| Property Type | Specialty | Year Built | 2019 |
| Property Subtype | Schools | Parking Ratio | 0.5/1,000 SF |
| Price | $13,366,499 CAD |
| Price Per SF | $742.58 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 5.05% |
| Property Type | Specialty |
| Property Subtype | Schools |
| Building Class | A |
| Lot Size | 0.34 AC |
| Building Size | 18,000 SF |
| No. Stories | 3 |
| Year Built | 2019 |
| Parking Ratio | 0.5/1,000 SF |
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Exceptionally walkable
90/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-07712-0000-00011 | Improvements Assessment | $0 CAD |
| Land Assessment | $102,430 CAD | Total Assessment | $102,430 CAD |
Property Taxes
Parcel Number
08-07712-0000-00011
Land Assessment
$102,430 CAD
Improvements Assessment
$0 CAD
Total Assessment
$102,430 CAD
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315-321 Crooks ave
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