8 Wright Way - Office FOR SALE


Oakland, NJ 07436
$8,250,000 USD
551-291-1492
8 Wright Way, Oakland, NJ for Sale
$8,250,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

8 Wright Way
Oakland, NJ 07436


HIGHLIGHTS

  • Tenant Commitment to the Location: Well-established, long-term tenants operating at the location for more than 20 years.
  • Prime Bergen County Location: Located in the McBride Commerce Park, Oakland, neighboring the towns of Franklin Lakes, Wyckoff & Mahwah.
  • Recent Upgrades: New 20-Yr GAF TPO roof w/warranty & 110 KW solar system added to the roof (both 2020). Recent Stow recoating & window glazing.

OVERVIEW

A rare opportunity to own a fully, 100% leased, free-standing school/daycare building on +/-3.4 acres in the McBride Commerce Park. This clean, well-maintained 3-story building, with over 110 parking spaces, plus green space, is a turn-key investment for the new owner. Recent improvements include a GAF TPO roof (2020) w/20-yr warranty. 110 kw solar system added to the roof (2020) to offset the HVAC electric cost. A recent Stow recoating and window glazing w/warranty. The well-maintained building and property, under current ownership, as well as the building’s well-known & established, long-term tenants, make this a solid investment.

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$270 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakland Park Corporate Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

3.42 AC

LAND SF

148,975 SF

ZONING

I-P, Oakland Boro

APN/PARCEL ID

42-03301-0000-00008

ASK ABOUT THIS PROPERTY

Jerry DeCrostaBrook Hollow GroupMore Info
551-291-1492

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Jerry DeCrostaBrook Hollow GroupMore Info
551-291-1492

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