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McBride Commerce Park 8 Wright Way 30,528 SF 100% Leased Office Building Oakland, NJ 07436 $8,250,000 ($270.24/SF)
Investment Highlights
- Tenant Commitment to the Location: Well-established, long-term tenants operating at the location for more than 20 years.
- Recent Upgrades: New 20-Yr GAF TPO roof w/warranty & 110 KW solar system added to the roof (both 2020). Recent Stow recoating & window glazing.
- Prime Bergen County Location: Located in the McBride Commerce Park, Oakland, neighboring the towns of Franklin Lakes, Wyckoff & Mahwah.
Executive Summary
A rare opportunity to own a 100% leased, freestanding school/daycare building on +/-3.4 acres in the McBride Commerce Park. This clean, well-maintained three-story building, with over 110 parking spaces, plus green space, is a turnkey investment for the new owner. Recent improvements include a GAF TPO roof (2020) with a 20-year warranty. 110 kW solar system added to the roof (2020) to offset the HVAC electric cost. A recent Stow recoating and window glazing with a warranty. The well-maintained building and property, under current ownership, as well as the building’s well-known and established long-term tenants, make this a solid investment.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
30,528 SF
Building Class
B
Year Built
1981
Price
$8,250,000
Price Per SF
$270.24
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
10,065 SF
Building FAR
0.20
Lot Size
3.42 AC
Zoning
I-P, Oakland Boro - The building is located in the distinguished McBride Commerce Park in Oakland, NJ, and is zoned IP (Industrial Park).
Parking
110 Spaces (3.6 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Wheelchair Accessible
- Central Heating
- Wi-Fi
- Air Conditioning
- Smoke Detector
Demographics
Demographics
1 mile
3 mile
5 mile
2020 Population
3,664
47,858
139,782
2024 Population
4,053
52,544
151,775
Population Growth '20-'24
10.6%
9.8%
8.6%
2020 Households
1,285
17,111
50,809
2024 Households
1,415
18,643
54,682
Household Growth '20-'24
10.1%
9.0%
7.6%
Average Age
46
43
44
Median Household Income
$175,916
$143,007
$137,393
Daytime Employees
3,456
25,364
64,976
Total Businesses
247
2,567
7,819
College Degree + Higher
59%
52%
52%
Property Taxes
| Parcel Number | 42-03301-0000-00008 | Improvements Assessment | $4,105,700 |
| Land Assessment | $1,626,900 | Total Assessment | $5,732,600 |
Property Taxes
Parcel Number
42-03301-0000-00008
Land Assessment
$1,626,900
Improvements Assessment
$4,105,700
Total Assessment
$5,732,600
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Presented by
Brook Hollow Group
McBride Commerce Park | 8 Wright Way
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