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Fully Leased Office Building 611 River Dr 86,003 SF 100% Leased Office Building Elmwood Park, NJ 07407 $17,300,000 ($201.16/SF) 7.90% Cap Rate



INVESTMENT HIGHLIGHTS
- Strong Tenancy Across Various Industries
- Superior Accessibility & Location
- First Sale in 27 Years
- 5.8 Years Weighted Average Lease Term (WALT)
EXECUTIVE SUMMARY
A well-maintained and fully-occupied office building in Bergen County, New Jersey with strong cash-flow, and 5.8 years weighted average lease term (WALT).
STRONG ATTRIBUTES
Key building features include:
• A two-story atrium with granite and glass finishes
• Two (2) passenger elevators
• Ample amount of parking with 375 surface spaces
• Lower level storage plus rooftop cellular phone towers providing additional income
FIRST SALE IN 27 YEARS
The building was constructed in 1999 and has been owned by the same owners since then.
STRONG TENANCY
The building has been fully occupied since 2022, featuring (7)
seven tenants from various industries, including financial services, consulting, healthcare, and real estate, with Spencer Savings Bank as the anchor tenant.
SUPERIOR ACCESSIBILITY & LOCATION
The property is situated in an office park with a four-way traffic light, just off Exit 61 of Route 80, and minutes from Route 46 and the Garden State Parkway. It is also 12 miles from the George Washington Bridge and New York City.
PROPERTY FACTS
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
ee & Associates is a privately held, broker-owned commercial real estate services firm founded in 1979. The company has grown into an international network with independently owned offices across the United States and Canada. Its corporate headquarters is located in Westlake Village, California, where licensing, administration, corporate operations, and public relations functions are managed. The firm’s structure is unique in the industry: each local office is owned by its brokers, giving regional principals autonomy while maintaining alignment with national policy and brand standards. The company specializes in commercial brokerage, property management, valuation, construction services, and integrated real estate solutions. Its professionals collaborate across markets to deliver advisory insight supported by national research and shared technology platforms.
RIPCO Real Estate was formed in 1991 to provide retailers, landlords, and developers with high-quality, customized service in Manhattan, the Outer Boroughs, Long Island, New Jersey and Connecticut retail real estate. RIPCO Real Estate represents retailers looking for a smart location as well as property owners, managers and developers looking to attract successful retailers. Their knowledge of both sides of the deal benefits all of their clients.
Sall Myers Medical Associates is a New Jersey–based medical practice specializing in accident-related evaluation and treatment. Established in 1954, the organization provides orthopedic, pain management, physical therapy, and diagnostic imaging services to patients requiring injury-related care. The Elmwood Park location serves as a central facility offering multidisciplinary treatment designed to address a range of trauma-related conditions. The practice operates multiple offices throughout the region and supports patient needs through on-site diagnostic tools such as X-ray and MRI capabilities.
Spencer Savings Bank, a community bank headquartered in Elmwood Park, NJ, has been serving its local communities with integrity and pride for more than 75 years. The bank, serving consumers and businesses, operates 20 Financial Centers throughout New Jersey.
YU & Associates, Inc. (YU) is a diversified consulting firm with proven accomplishments in transportation, education and health care facilities and urban redevelopment for public and private sector clients. Founded in 1992, YU is a Minority Business Enterprise (MBE) and is certified as a Disadvantaged Business Enterprise (DBE) with numerous state and local agencies. Their clientele ranges from institutions and redevelopment agencies to highly rated Architectural/Engineering firms.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
Real Estate | - | - | Lorem Ipsum | Jan 0000 | |
|
Real Estate | - | - | - | Jan 0000 | |
|
Health Care and Social Assistance | - | - | - | Jan 0000 | |
|
Finance and Insurance | - | - | - | Jan 0000 | |
|
Professional, Scientific, and Technical Services | - | - | - | Jan 0000 |
PROPERTY TAXES
| Parcel Number | 11-01019-0000-00018-02 | Improvements Assessment | $7,622,400 |
| Land Assessment | $2,127,600 | Total Assessment | $9,750,000 |
PROPERTY TAXES
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Fully Leased Office Building | 611 River Dr
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