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723 Rt-17 11,783 SF 100% Leased Retail Building Paramus, NJ 07652 $6,404,615 ($543.55/SF) 6.50% Cap Rate
EXECUTIVE SUMMARY
Sale Price:
$6,404,615.38 based on a 6.5% cap rate.
$6,404,615.38 based on a 6.5% cap rate.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
11,783 SF
Building Class
C
Year Built
2000
Price
$6,404,615
Price Per SF
$543.55
Cap Rate
6.50%
NOI
$416,300
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
1.77 AC
Zoning
BIL - Business
Parking
30 Spaces (2.55 Spaces per 1,000 SF Leased)
Frontage
181’ on Rt-17
AMENITIES
- Bus Line
- Freeway Visibility
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 46-06808-0000-00001 | Improvements Assessment | $1,335,400 |
| Land Assessment | $3,540,000 | Total Assessment | $4,875,400 |
PROPERTY TAXES
Parcel Number
46-06808-0000-00001
Land Assessment
$3,540,000
Improvements Assessment
$1,335,400
Total Assessment
$4,875,400
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723 Rt-17
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