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580 Cedar Ln
Teaneck, NJ 07666
Office Property For Sale
INVESTMENT HIGHLIGHTS
- 9 Plus years remaining in NNN Lease
- Heart of Teaneck Business Discrict
- Irreplaceable Northern NJ Property
- This medical office property has strong access and visibility on Cedar Lane
EXECUTIVE SUMMARY
JPH Realty Advisors, LLC is pleased to offer for sale the opportunity to acquire fee-simple interests in an irreplaceable Single Tenant Net Lease Medical Office Building located at 628 Cedar Lane (with 580 Cedar Lane as aux. parking) Teaneck, NJ (the “Property” or “Asset”). The Tenant has over 9 years left on NNN leases with 2.5% rent bumps annual in the base term and options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
9,268 SF
Building Class
C
Year Built
1962
Price
$2,900,000
Price Per SF
$312.90
Cap Rate
6.06%
NOI
$175,740
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,268 SF
Building FAR
0.43
Lot Size
0.50 AC
Zoning
B-1 - B-1 zoning district is a Neighborhood Business District, intended for low-intensity commercial use
Parking
33 Spaces (3.56 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 60-00203-0000-00005 | Improvements Assessment | $2,406,300 |
| Land Assessment | $664,600 | Total Assessment | $3,070,900 |
PROPERTY TAXES
Parcel Number
60-00203-0000-00005
Land Assessment
$664,600
Improvements Assessment
$2,406,300
Total Assessment
$3,070,900
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