81 E State Rt 4 | Paramus, NJ 07652
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81 E State Rt 4
Paramus, NJ 07652
Office Property For Sale
Investment Highlights
- Robust, Year-Round Foot Traffic Market | Subject Also Sees Considerable Traffic Counts Along Route 4 (136,191 VPD) and New Jersey I-17 (141,271 VPD)
- Affluent New York City Metropolitan Area Community with an Average Household Income of Over $161K within One Mile of the Subject Asset
- Subject is Less Than 15 Miles From Manhattan New York Via Car, a 30 Minute Drive or Via Public Transportation, a 35 Minute Commute
- Subject is Located Less Than Three Miles (Five Minutes) From Paramus Park Shopping Mall, Westfield Garden State Plaza, and Bergen Town Center Mall
Executive Summary
Subject Includes Two Retail Condos Totaling 6,145 Square Feet Along High Traffic Route 4, Paramus New Jersey, Located on the First Floor of a Four Story Mixed Use Office Building. The Condos Two Tenants are National Retailers Chipotle and America's Best. Average 9 Years Remaining on NNN Leases with a 6.82% Cap Rate.
PROPERTY FACTS
| Property Type | Office | No. Stories | 4 |
| Property Subtype | Medical | Year Built/Renovated | 1971/2009 |
| Building Class | B | Parking Ratio | 13.9/1,000 SF |
| Lot Size | 3.00 AC | APN / Parcel ID | 46-00604-0000-00015-0000-C0102 |
| Rentable Building Area | 40,000 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Lot Size | 3.00 AC |
| Rentable Building Area | 40,000 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1971/2009 |
| Parking Ratio | 13.9/1,000 SF |
| APN / Parcel ID | 46-00604-0000-00015-0000-C0102 |
zoning
| Zoning Code | HCC-2 |
| HCC-2 |
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