315-321 Crooks ave - Schools FOR SALE


Paterson, NJ 07503- South Paterson
$9,500,000 USD
973-234-2307
315-321 Crooks ave, Paterson, NJ for Sale
$9,500,000 USD
Schools - FOR SALE
1/11
null | 5.05% Cap Rate

315-321 Crooks ave
Paterson, NJ 07503
South Paterson


HIGHLIGHTS

  • Great Investment
  • $40,000/M lease NNN
  • Newly Built

OVERVIEW

DO NOT VISIT THE PROPERTY OR DISTURB THE TENANT. ALL SHOWINGS ARE STRICTLY BY APPOINTMENT ONLY! Exceptional investment opportunity featuring a newly constructed commercial building with a strong single-tenant NNN lease generating $40,000 per month in rental income. This impressive 3-story property sits on a 100' x 150' lot and offers a spacious rear parking lot, providing excellent functionality for the current tenant and long-term value for investors. This is an ideal turnkey asset for investors seeking immediate cash flow with minimal landlord responsibilities under a triple-net lease. Whether you're looking to add a stable income-producing property to your portfolio or secure a long-term appreciation opportunity, this property checks all the boxes.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$528 USD /SF

CAP RATE

5.05%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$40,000/M rental income

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,000 SF

ZONING

-

APN/PARCEL ID

08-07712-0000-00011

ASK ABOUT THIS PROPERTY

Bishoy MegallaKeller Williams Team RealtyMore Info
973-234-2307

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Bishoy MegallaKeller Williams Team RealtyMore Info
973-234-2307

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