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126 State St 13,000 SF 72% Leased Office Building Hackensack, NJ 07601 $4,500,000 ($346.15/SF)
Executive Summary
126 State Street presents a compelling opportunity to acquire a fully renovated medical office and laboratory asset totaling approximately ±13,000 square feet in the heart of downtown Hackensack. The property features a modern, turnkey interior with a fully built-out lab component, offering immediate usability for medical, research, or specialty office tenants, and eliminating the time and capital typically required for buildout. Originally constructed in the mid-1980s and renovated in recent years, the building benefits from extensive capital improvements, including a roof and utility upgrades completed in 2017, positioning the asset with reduced near-term maintenance risk and enhanced operational efficiency.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
13,000 SF
Building Class
B
Year Built/Renovated
1988/2017
Price
$4,500,000
Price Per SF
$346.15
Percent Leased
72%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,500 SF
Building FAR
0.88
Lot Size
0.34 AC
Opportunity Zone
Yes
Zoning
COM
Parking
22 Spaces (1.69 Spaces per 1,000 SF Leased)
Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 23-00210-01-00013 | Improvements Assessment | $2,482,600 |
| Land Assessment | $689,000 | Total Assessment | $3,171,600 |
Property Taxes
Parcel Number
23-00210-01-00013
Land Assessment
$689,000
Improvements Assessment
$2,482,600
Total Assessment
$3,171,600
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126 State St