908-675-5703
520 Westfield Ave, Elizabeth, NJ for Sale
Office - FOR SALE
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null | Request Cap Rate

520 Westfield Ave
Elizabeth, NJ 07208


HIGHLIGHTS

  • Stable tenant base with majority of tenants in occupancy for 5+ years
  • Professional tenancy mix anchored by medical, legal, and accounting users
  • All gross leases with annual rent increases providing predictable cash flow
  • Upside potential in leasing vacant units and increasing below-market rents
  • 110 on-site parking spaces (5.6 spaces per 1,000 SF), well above typical urban ratios
  • Major capital improvements completed within the past 7 years (roof, parking lot, chiller, boilers)

OVERVIEW

Elmora Professional Center is a 19,583 SF, three-story elevator office building featuring stable medical and professional tenancy, strong in-place cash flow, and ample on-site parking, ideally positioned along heavily trafficked Westfield Avenue in Elizabeth’s desirable Elmora section.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Elmora Professional Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

N/Av

APN/PARCEL ID

04-00163-0000-00006

ASK ABOUT THIS PROPERTY

Thomas ScatuorchioThe Kislak Company, Inc.More Info
908-675-5703

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Thomas ScatuorchioThe Kislak Company, Inc.More Info
908-675-5703

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