Bought with Jonathan Cohen • Skyline Real Estate Partners
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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
Interior
Heating Gas
Exterior
Utilities Available Sep Elec, Sep Gas, Sep Heat, Sep Water
Waterfront Description None
Building
Architectural Style Profsnl
Others
Ownership Private
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Lucas Wolf
Broker of Record/Owner | License ID: 0903676
Broker of Record/Owner License ID: 0903676