$1,500,000
$1,750,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/16/2024
Key Details
Sold Price $1,500,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 23004727
Sold Date 05/16/24
Style Office
Annual Tax Amount $24,730
Property Description
Prime 1.74 Acre site situated along Route 17 North in Upper Saddle River, NJ. Property currently consists of two office buildings: 1) 5,000+/- SF front building is currently owner occupied and will be delivered vacant at closing 2) 2,500+/- SF rear buildings is currently 50% occupied by Hertz Rental Car Hertz lease expires on6/30/2023 and they have expressed interest in signing a new 5 year lease Hertz pays $2,412.39/mo in base rent + $900/mo in expenses including 1/3 of real estate taxes and 50% of pass through expenses. Hertz current total rent is $3,312.39/mo or $39,748.68/year ($32/SF gross)
Location
State NJ
County Bergen
Area Upper Saddle River
Building/Complex Name None
Interior
Heating Gas
Exterior
Utilities Available Sep Elec, Sep Gas, Sep Heat, Sep Water
Waterfront Description None
Others
Ownership Private
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28 Valley Road Suite 1, Montclair, Jersey, 07042, United States