23 N Farview Ave 11,808 SF 100% Leased Retail Building Paramus, NJ 07652 $3,700,000 ($313.35/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Leased/ Retail Building Paramus, NJ 07652
EXECUTIVE SUMMARY
LOCATION! LOCATION! Located in the retail mecca of Paramus.
This is 10 UNITS building, very well maintained and great condition building with an attached parking lot with 34 parking spaces. Gas meters and electric meters are all separate and updated. Great shops, Fitness etc. Yearly NET income is already great with current modest rent rates, BUT potential for MUCH MORE with current market rent rates. This building is priced extremely well. Building sits right off Rt-4 & Rt-17 plus just minutes away from all major shopping destinations. Come & see!!
This is 10 UNITS building, very well maintained and great condition building with an attached parking lot with 34 parking spaces. Gas meters and electric meters are all separate and updated. Great shops, Fitness etc. Yearly NET income is already great with current modest rent rates, BUT potential for MUCH MORE with current market rent rates. This building is priced extremely well. Building sits right off Rt-4 & Rt-17 plus just minutes away from all major shopping destinations. Come & see!!
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
11,808 SF
Building Class
C
Year Built
1957
Price
$3,700,000
Price Per SF
$313.35
Cap Rate
7%
NOI
$259,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.69 AC
Zoning
Commercial
Parking
50 Spaces (4.23 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 46-01213-0000-00010 | Improvements Assessment | $2,087,600 |
| Land Assessment | $887,800 | Total Assessment | $2,975,400 |
