Upper Saddle River, NJ 07458,228 N Rt 17
Listed by Jonathan B. Cohen • Skyline Real Estate Partners • (201) 707-0019

$1,500,000

$1,750,000

14.3%
Est.Price: ?

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Est. payment /mo

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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New Jersey MLS (NJMLS)
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+1(201) 723-3300

darren@northjerseygroup.com

28 Valley Road Suite 1, Montclair, Jersey, 07042, United States

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