992 Clifton Ave - Medical FOR SALE


Clifton, NJ 07013- Richfield
$1,850,000 USD
732-414-9999
992 Clifton Ave, Clifton, NJ for Sale
$1,850,000 USD
Medical - FOR SALE
1/14
null | 7.08% Cap Rate

992 Clifton Ave
Clifton, NJ 07013
Richfield


HIGHLIGHTS

  • Recession proof tenants
  • Existing Tenants renewed lease with 3% annual increase
  • 100% Occupied
  • 3500 Square Feet tenant pays NNN
  • Building in Professional District

OVERVIEW

Located on a high-visibility main road in the heart of Clifton, NJ this fully renovated 5,040 sq. ft. commercial building offers exceptional potential for professional office use. Just resigned a new 10 year lease to current long-term stable tenants. The property generates a solid Net Operating Income (NOI) with a 7+% cap rate Situated in a highly desirable area known for attracting recession-resistant businesses, this asset promises long-term stability and minimal management concerns. With strong market fundamentals and a strategic location, this is an ideal opportunity for investors seeking consistent cash flow and dependable tenancy.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$367 USD /SF

CAP RATE

7.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

B-A

APN/PARCEL ID

02-00041-13-00005

ASK ABOUT THIS PROPERTY

Jonathan SimhayoffKeller Williams Realty Central MonmouthMore Info
732-414-9999

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Jonathan SimhayoffKeller Williams Realty Central MonmouthMore Info
732-414-9999

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