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31604175

150 Fairfield Rd, Fairfield, NJ 07004

SC
Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey
$1,050,000
63 days on market
Updated 63 days ago

Consensus Health

Details
Property Type Office
Sub Type Medical Office
Square Footage 7,500
Cap Rate 6.57%
NOI $69,000
Occupancy 100%
Lease Expiration 04/01/2028
Remaining Term 1.8
Price per SqFt $140
Year Built 1989
Year Renovated 2024
Investment Type Net Lease

Office | 6.57% CAP | 7,500 SqFt

Marketing description

150 Fairfield Road offers a strong healthcare investment opportunity in a highly desirable Essex County submarket. The ±7,500 SF medical building is 100% leased to Consensus Health, a leading urgent care and multi-specialty healthcare provider with a growing network of 50+ locations across New Jersey.

The property benefits from a Triple Net (NNN) lease, providing investors with minimal management responsibilities and a stable income stream. The tenant has made significant capital improvements to the space, underscoring their long-term commitment to the location and reducing future landlord obligations.

Situated on a highly visible corridor in Fairfield, the building includes dedicated on-site parking, a key amenity for both patients and staff in this busy suburban market. With a reputable tenant, strong lease terms, and functional medical buildout, this asset is well-suited for investors seeking secure, healthcare-anchored real estate.

Listing Contacts

SC
Marcus & Millichap - New Jersey
Listed by Marcus & Millichap - New Jersey

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$69,000.00
$5,750.00/mo

Valuation Metrics

0
DSCR
6.57%
Cap Rate
6.57%
ROI

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Additional Information

Name
Stephen Crocitto
License
2294113
Brokerage Phone
2017426179
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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