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992 Clifton Ave 5,040 SF 100% Leased Office Building Clifton, NJ 07013 $1,750,000 ($347.22/SF) 7.49% Cap Rate
Executive Summary
Prime Clifton Investment Opportunity | 7%+ Cap Rate | 5,040 SF Fully Renovated Asset Strategically positioned on a high-visibility main road in the heart of Clifton, NJ, this fully renovated 5,040 sq. ft. commercial building presents an exceptional opportunity for investors seeking stable, income-producing office space. The property is fully occupied by long-term, established tenants, delivering a strong and consistent Net Operating Income (NOI) with a 7%+ cap rate. Both units are professionally maintained, offering minimal management oversight and dependable cash flow from day one. Located in a highly desirable commercial corridor known for attracting recession-resistant businesses, this asset benefits from strong surrounding market fundamentals and continued demand for professional office space. An ideal turnkey investment for buyers seeking reliable income, long-term tenancy, and strategic positioning in one of Northern New Jersey's most established business communities.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
5,040 SF
Building Class
C
Year Built
1970
Price
$1,750,000
Price Per SF
$347.22
Cap Rate
7.49%
NOI
$131,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,520 SF
Building FAR
0.68
Lot Size
0.17 AC
Zoning
B-A
Parking
12 Spaces (2.38 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Dr. Floyd R. Tanzer
- Health Care and Social Assistance
- -
- -
- Aug 2018
- Med Screen Labs
- -
- -
- -
- -
- MedScreen Labs
- Health Care and Social Assistance
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Dr. Floyd R. Tanzer | Health Care and Social Assistance | - | - | Aug 2018 | ||
| Med Screen Labs | - | - | - | - | ||
| MedScreen Labs | Health Care and Social Assistance | - | - | - |
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Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 02-00041-13-00005 | Improvements Assessment | $248,800 |
| Land Assessment | $151,200 | Total Assessment | $400,000 |
Property Taxes
Parcel Number
02-00041-13-00005
Land Assessment
$151,200
Improvements Assessment
$248,800
Total Assessment
$400,000
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Presented by
Serhant New Jersey LLC
992 Clifton Ave
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