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34526695
34526696

160 LANZA AVE, GARFIELD, NJ 07026-3551 For Sale

JK
NJ 8544699
Better Homes and Gardens Rutherford
Listed by Better Homes and Gardens Rutherford
$3,200,000
0 days on market
Updated 0 days ago
Opportunity zone

160 LANZA AVE GARFIELD NJ 07026-3551

Details
APN 0221_193_41
Property Type Office
Sub Type Traditional Office, Medical Office (+1)
Square Footage 10,000
Net Rentable (SqFt) 12
Units 12
Cap Rate 6.80%
NOI $220,000
Occupancy 100%
Tenancy Multi
Lease Type NN
Class B
Year Built 2010
Buildings 1
Stories 2
Lot Size (SqFt) 10,114
Parking Spaces 25 spaces
Parking per 1,000 SqFt 2.50
Investment Type Stabilized
Ground Lease No
Sale Condition N/A

Fully occupied building

Marketing description

Built in 2010 this fully oocupied 12 unit office building with 25 parking spaces is fully occupied with approx $220,000 net income inclusive of common area reimbursement from tenant. Located in a Federal Opportunity zone. Block and steel beam construction, Anderson WIndows, currently fully occupied with 8 tenants that have absored other units to their use. Full basement, with ventilation unit, storage room with slop sink and electrical room. 2nd floor maintenance closet with camera and janitor sink Each Unit has own HVAC-Gas Heat & Central air, Total of 13 units- 1 for common area. 13 Separate gas & electric meters.

Investment highlights

Built in 2010 this fully oocupied 12 unit office building with 25 parking spaces is fully occupied with approx $220,000 net income inclusive of common area reimbursement from tenant. Located in a Federal Opportunity zone. Block and steel beam construction, Anderson WIndows, currently fully occupied with 8 tenants that have absored other units to their use. Full basement, with ventilation unit, storage room with slop sink and electrical room. 2nd floor maintenance closet with camera and janitor sink Each Unit has own HVAC-Gas Heat & Central air, Total of 13 units- 1 for common area. 13 Separate gas & electric meters.

Listing Contacts

JK
NJ 8544699
Better Homes and Gardens Rutherford
Listed by Better Homes and Gardens Rutherford

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$220,000.00
$18,333.33/mo

Valuation Metrics

0
DSCR
6.88%
Cap Rate
6.88%
ROI

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