Legacy Commercial Realty, LLC is pleased to present 275-277 Forest Avenue, Paramus NJ 07652
+/- 45,323 Two-Story Medical Office Building with TD Bank Drive Thru Location
100% Occupied
Asking Price: $16,100,000.00
Current NOI: $1,109,992.53
CAP Rate: 6.89%
275-277 Forest Avenue is a +/- 45,323-square-foot multi-tenant medical office building with a drive-thru end cap. Cash-flowing investment of seven medical office tenants, TD Bank (end cap drive-thru), and a Verizon cell tower on the roof. In an affluent and stable realm with a 3-mile population of 137,591 residents and an average household income of about $145,000.
At the lighted corner intersection of Forest Avenue and Spring Valley Road, a great location in a high-traffic area. Route 4 and 17 corridors’ high concentration of retail/ office developments has some of the most successful retail locations in the state & nation. Prominent frontage along Forest Avenue provides built-in pylon and building signage exposure to more than 21,300 VPD.