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Lender Owned Medical | Cash Flow & Upside 556 Eagle Rock Ave 42,149 SF 56% Leased Office Building Roseland, NJ 07068 For Sale

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INVESTMENT HIGHLIGHTS

  • Cash Flow Security – WALT of 6.5 years and rent roll highlighted by long-term tenants.
  • Potential Upside Through Future Leasing – There are currently three vacant spaces.
  • Floor 2 has one vacant suite totaling ±14,066 SF - one of the few 10,000+ SF single-floor availabilities within a 5-mile radius of the Property.
  • New Surgical Tenant Signed to Long-Term Lease – In 2024, a new surgical tenant executed a 7-year, 9-month lease to wholly occupy the surgical center.
  • Floor 1 has two vacant suites totaling ±6,869 SF.
  • Superior Central Location – Easily accessible from the region’s primary freeways, Newark Liberty Int'l Airport, and a selection of major hospitals.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
42,149 SF
Building Class
B
Year Built
1982
Percent Leased
56%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
14,049 SF
Building FAR
0.34
Lot Size
2.88 AC
Zoning
OB-3
Parking
172 Spaces (4.1 Spaces per 1,000 SF Leased)

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 108
  • 1,128 SF
  • Office/Medical
  • Full Build-Out
  • Now
  • 1st Fl-Ste 109
  • 3,422 SF
  • Office/Medical
  • Full Build-Out
  • Now
  • 2nd Fl-Ste 200
  • 14,049 SF
  • Office/Medical
  • Full Build-Out
  • Now
Space Size Space Use Condition Available
1st Fl-Ste 108 1,128 SF Office/Medical Full Build-Out Now
1st Fl-Ste 109 3,422 SF Office/Medical Full Build-Out Now
2nd Fl-Ste 200 14,049 SF Office/Medical Full Build-Out Now

1st Fl-Ste 108

Size
1,128 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste 109

Size
3,422 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 200

Size
14,049 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste 109

Size 3,422 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

  • Listing ID: 30979919

  • Date on Market: 2024-02-29

  • Last Updated:

  • Address: 556 Eagle Rock Ave, Roseland, NJ 07068

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