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121 Cedar Ln 7,071 SF 100% Leased Office Building Teaneck, NJ 07666 $2,300,000 ($325.27/SF)
Investment Highlights
- Walking distance to Holy Name Medical Center
- Prime corner location seeing approximately 15,000 vehicles per day
- Immediate access to public transit and Rt 4
Executive Summary
Available for the first time in over 25 years this generational asset offers value-add opportunity for both investors and owner-users. Prime corner location with immediate access to Holy Name Medical Center, highway access, and steps to public transit. A large and diverse tenant roster consisting of mostly mental health practitioners providing for long term stability. Near term upside with many tenants on short-term leases and below market rents also provides flexibility for owner-users.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
7,071 SF
Building Class
B
Year Built/Renovated
1970/2018
Price
$2,300,000
Price Per SF
$325.27
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
2,357 SF
Slab To Slab
10’
Building FAR
1.41
Lot Size
0.12 AC
Zoning
B2, Teaneck - Offices, financial institutions and business schools.
Medical and dental clinics.
Funeral homes.
Municipal, county, state and federal buildings/uses
Parking
12 Spaces (1.7 Spaces per 1,000 SF Leased)
1 1
Very walkable
80/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 60-02915-0000-00001 | Improvements Assessment | $1,098,900 |
| Land Assessment | $500,000 | Total Assessment | $1,598,900 |
Property Taxes
Parcel Number
60-02915-0000-00001
Land Assessment
$500,000
Improvements Assessment
$1,098,900
Total Assessment
$1,598,900
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121 Cedar Ln
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