908-295-9640
1225 McBride Ave, Woodland Park, NJ for Rent

$25.00 USD /SF/yr

Office/Medical - For Rent
1/5
10,170 SF | 1 Space

1225 McBride Ave
Woodland Park, NJ 07424


OVERVIEW

THIS IS A CLASS-A MEDICAL OFFICE FACILITY WITH OVER FIFTEEN TENANTS, ANCHORED BY SUMMIT CITYMD. DURING THE PANDEMIC, WHEN ALL OFFICE ACTIVITY WAS AT A STANDSTILL, THIS BUILDING ATTRACTED ONE OF THE LEADING MEDICAL FACILITIES TO MAKE THIS THE HEADQUARTERS FOR THEIR LAB. THE IMPORVEMENTS WHICH WERE DONE TO BRING A TENANT LIKE CITYMD HAS SHOT UP THE ASSET VALUE OF THE PROPERTY. TO HIGHLIGHT SOME OF THE FEW VERY STRONG TENANTS LIKE WOODLAND PARK DIALYSIS CENTER, ST. JOSEPH’S HOSPITAL, ENGLEWOOD HOSPITAL, AND HEART & VASCULAR (PASSAIC VALLEY MEDICAL CENTER) THE BUILDING IS 187,650 +/- SF AND CURRENTLY 94% +/- OCCUPIED AND IS PROJECTED TO BE 100% OCCUPIED with all medical tenants BY THE TIME OF THE ACQUISITION. THE BUILDING HAS EXCELLENT UNDERLYING FUNDAMENTALS AND CASH FLOW. THIS PROPERETY IS IN A HIGHLY SOUGHT OUT LOCATION SITUATED ON 10+ ACRES WITH AMPLE PARKING

RENTAL DETAILS

SPACE AVAILABLE

10,170 SF

# OF SPACES

1

RENT/MONTH

$21,187 USD /mo

RENT RATE (MO)

$2.08 USD /SF/mo

RENT RATE (YR)

$25.00 USD /SF/yr

LEASE TYPE

Triple Net

LEASE LENGTH

Negotiable

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

185,156 SF

BUILDING CLASS

C

YEAR BUILT

1964

PARKING SPACES

164

LAND DETAILS

LAND ACRES

10 AC

LAND SF

435,600 SF

ZONING

-

ASK ABOUT THIS PROPERTY

Anita SinghColdwell Banker Commercial RealtyMore Info
908-295-9640

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Anita SinghColdwell Banker Commercial RealtyMore Info
908-295-9640

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.