160 Lanza Ave - Medical FOR SALE


Garfield, NJ 07026
$3,200,000 USD
800-997-9704
160 Lanza Ave, Garfield, NJ for Sale
$3,200,000 USD
Medical - FOR SALE
1/30
null | 6.88% Cap Rate

160 Lanza Ave
Garfield, NJ 07026


OVERVIEW

Built in 2010 this fully oocupied 12 unit office building with 25 parking spaces is fully occupied with approx $220,000 net income inclusive of common area reimbursement from tenant. Located in a Federal Opportunity zone. Block and steel beam construction, Anderson WIndows, currently fully occupied with 8 tenants that have absored other units to their use. Full basement, with ventilation unit, storage room with slop sink and electrical room. 2nd floor maintenance closet with camera and janitor sink Each Unit has own HVAC-Gas Heat & Central air, Total of 13 units- 1 for common area. 13 Separate gas & electric meters.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$320 USD /SF

CAP RATE

6.88%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

R-2

APN/PARCEL ID

21-00193-0000-00041

ASK ABOUT THIS PROPERTY

Jan KwapniewskiBetter Homes and Gardens Coccia RealtyMore Info
800-997-9704

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Jan KwapniewskiBetter Homes and Gardens Coccia RealtyMore Info
800-997-9704

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