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129 Pehle Ave
Saddle Brook, NJ 07663
Garden Plaza Hotel Ground Lease · Hospitality Property For Sale · 174,443 SF

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 3.90 AC
Building Size 174,443 SF
No. Stories 8
Year Built 1967
Corridor Interior
Zoning CH-1

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • Restaurant
  • On-Site Retail
  • On-Site Bar
  • Meeting Event Space

ABOUT 129 PEHLE AVE , SADDLE BROOK, NJ 07663

Marcus & Millichap is pleased to exclusively list for sale the Ground Lease of Garden Plaza Hotel in Saddle Brook, NJ. The current term runs until June of 2035 with a 33 1/3 year option. Garden Plaza pays $334,000 in ground rent and is on an absolute NNN lease. The subject property is 3.90 acres and is situated off the on ramp to the Garden State Parkway. Full marketing package available upon request.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
57-01311-0000-00036
Land Assessment
$1,710,000
Improvements Assessment
$3,990,000
Total Assessment
$5,700,000
  • Listing ID: 14362444

  • Date on Market: 11/12/2018

  • Last Updated:

  • Address: 129 Pehle Ave, Saddle Brook, NJ 07663

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