675 Broadway - Medical FOR SALE


Paterson, NJ 07514
$1,400,000 USD
908-331-1336
675 Broadway, Paterson, NJ for Sale
$1,400,000 USD
Medical - FOR SALE
1/43
null | Request Cap Rate

675 Broadway
Paterson, NJ 07514


OVERVIEW

Medical Office property available for sale. Perfect property for a owner operator medical user with investor upside, Previous tenant was a publicly traded healthcare company and installed $1.4 million renovation buildout. 5,080 SF Space (Entire Renovated Space) 1,300 SF Space 5 Exam rooms, 1 Office & Check out.LEASED 3,780 SF Space (Available for occupancy) 8 exam rooms, 2 check in & out offices. 1 Lab room, 3 Offices/Storage -1,300 SF (22.08% of the building) is occupied by credit worthy tenant, True Care Mental Health; one of their nine (9) locations. Triple net lease with ten (10) year term that began in 2024. Seperate entrance. paying $ 3,500/mo. $42,000/annum. -Property is surronded by doctor and medical offices, law firms, located by bus stop and across the street from Barnent hospital -Ownership has installed new roof and white boxed one of the office units.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Broadway Professional Bldg.

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

4A Commercial

APN/PARCEL ID

08-08415-0000-00010

ASK ABOUT THIS PROPERTY

Brandon SwiftThe City Commercial Real EstateMore Info
908-331-1336

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Brandon SwiftThe City Commercial Real EstateMore Info
908-331-1336

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.