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Elmora Professional Center 520 Westfield Ave 19,300 SF 100% Leased Office Building Elizabeth, NJ 07208 For Sale
Investment Highlights
- Stable tenant base with majority of tenants in occupancy for 5+ years
- All gross leases with annual rent increases providing predictable cash flow
- 110 on-site parking spaces (5.6 spaces per 1,000 SF), well above typical urban ratios
- Professional tenancy mix anchored by medical, legal, and accounting users
- Upside potential in leasing vacant units and increasing below-market rents
- Major capital improvements completed within the past 7 years (roof, parking lot, chiller, boilers)
Executive Summary
Elmora Professional Center is a 19,583 SF, three-story elevator office building featuring stable medical and professional tenancy, strong in-place cash flow, and ample on-site parking, ideally positioned along heavily trafficked Westfield Avenue in Elizabeth’s desirable Elmora section.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
19,300 SF
Building Class
C
Year Built
1961
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,433 SF
Slab To Slab
12’
Building FAR
0.81
Lot Size
0.55 AC
Zoning
N/Av
Parking
110 Spaces (5.7 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Central Heating
- Air Conditioning
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Walk Score®
Walker's Paradise (91)
Property Taxes
| Parcel Number | 04-00163-0000-00006 | Improvements Assessment | $3,145,511 CAD |
| Land Assessment | $2,597,837 CAD | Total Assessment | $5,743,348 CAD |
Property Taxes
Parcel Number
04-00163-0000-00006
Land Assessment
$2,597,837 CAD
Improvements Assessment
$3,145,511 CAD
Total Assessment
$5,743,348 CAD
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Elmora Professional Center | 520 Westfield Ave
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