468 Parish Dr - Medical FOR SALE


Wayne, NJ 07470
$3,700,000 USD
718-360-5059
468 Parish Dr, Wayne, NJ for Sale
$3,700,000 USD
Medical - FOR SALE
1/7
null | 7.3% Cap Rate

468 Parish Dr
Wayne, NJ 07470


HIGHLIGHTS

  • Fully Leased
  • Ample Parking
  • High Visibility
  • 7+ Year WALT

OVERVIEW

Presenting 468 Parish Drive, a premier investment property located in the heart of Wayne, New Jersey. This meticulously maintained 11,500 SF building sits on a generous 1.83-acre lot within R-15 zoning, offering a rare combination of stability, modern upgrades, and long-term income potential. Currently fully leased to strong-credited tenants, the property boasts a Weighted Average Lease Term (WALT) of 7.29 years, providing investors with reliable and consistent cash flow. All tenant spaces have been modernized and updated, creating a professional and appealing environment that supports tenant retention and satisfaction. The building offers 50 on-site parking spaces, ensuring convenient access for both employees and patients. Additionally, there are storage units located at the rear of the property, available exclusively for tenant use—an added amenity that enhances tenant value and convenience. The site also offers potential for additional revenue through possible reconfiguration or future service enhancements. Its strategic location near major highways, including Route 80 and Route 23, provides exceptional connectivity and visibility, making it a highly attractive destination for both tenants and their clients. This asset represents a unique opportunity to own a turnkey, income-generating property in a high-demand corridor. Ideal for buyers seeking a stable portfolio addition with long-term upside.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$322 USD /SF

CAP RATE

7.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.83 AC

LAND SF

79,715 SF

ZONING

R-15

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Yanni MarmarouInvestment Property Realty GroupMore Info
718-360-5059

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Yanni MarmarouInvestment Property Realty GroupMore Info
718-360-5059

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