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Office Medical

145 Main Ave

145 Main Ave, Passaic, NJ 07055

Listing Price: $4,042,580

Cap Rate
6.00%
Gross SF
16,000
Rentable SF
15,961
Price/Gross SF
$252.66
Occupancy
100.0%
Year Built
2009
Lot Size
0.33 acres

Investment Overview

Marcus & Millichap is pleased to offer for sale 145 Main Ave, Passaic NJ, a 16,000 sq. ft. professional office . The office features seven units that are fully occupied by a tenant mix that includes a satellite office to a local hospital, a dentist, a modern co-working space, a synagogue, and a dental lab. Lease term remaining range from m/m to five years in length with new and long term tenants. Interior buildouts are clean, modern and well maintained. The property was built in 2009, is in excellent condition and sits on a .33-acre parcel. Parking is provided by 10 on-site spaces and ample street parking The property is conveniently located on Main Ave with easy access to Route 21, Route 3 and public transportation. Passaic is a densely populated, middle class city located 12 miles west of New York City. The population within a 3- mile radius is 282,000 with an average household income of $105,000.

Investment Highlights

  • 100% Leased, 70% of Tenancy is Medical Based
  • On-Site and Street Parking Available
  • Elevator and Security Cameras
  • Built in 2009 - Well Maintained
  • Located Near Major Hwys, Public Transportation and Shopping
  • Population Exceeds 282,000 People Within a 3-mile Radius with an AHI of $105,000

Exclusively Listed By

  • Brian Kaplan

    Senior Associate

    (201) 742-6133

    Email Brian

    License(s): NJ: 1753184, NY: 10401253635

    New Jersey

  • Chip Collins

    First Vice President Investments

    (201) 742-6124

    Email Chip

    License(s): NJ: 0016571, NY: 10401230649, PA: RSR001965

    New Jersey

Office Medical

145 Main Ave

Listing Price: $4,042,580

Cap Rate
6.00%
Gross SF
16,000
Rentable SF
15,961
Price/Gross SF
$252.66
Occupancy
100.0%
Year Built
2009
Lot Size
0.33 acres

Investment Highlights

  • 100% Leased, 70% of Tenancy is Medical Based
  • On-Site and Street Parking Available
  • Elevator and Security Cameras
  • Built in 2009 - Well Maintained
  • Located Near Major Hwys, Public Transportation and Shopping
  • Population Exceeds 282,000 People Within a 3-mile Radius with an AHI of $105,000

Investment Overview

Marcus & Millichap is pleased to offer for sale 145 Main Ave, Passaic NJ, a 16,000 sq. ft. professional office . The office features seven units that are fully occupied by a tenant mix that includes a satellite office to a local hospital, a dentist, a modern co-working space, a synagogue, and a dental lab. Lease term remaining range from m/m to five years in length with new and long term tenants. Interior buildouts are clean, modern and well maintained. The property was built in 2009, is in excellent condition and sits on a .33-acre parcel. Parking is provided by 10 on-site spaces and ample street parking The property is conveniently located on Main Ave with easy access to Route 21, Route 3 and public transportation. Passaic is a densely populated, middle class city located 12 miles west of New York City. The population within a 3- mile radius is 282,000 with an average household income of $105,000.

Exclusively Listed By

  • Brian Kaplan

    Senior Associate

    (201) 742-6133

    Email Brian

    License(s): NJ: 1753184, NY: 10401253635

    New Jersey

  • Chip Collins

    First Vice President Investments

    (201) 742-6124

    Email Chip

    License(s): NJ: 0016571, NY: 10401230649, PA: RSR001965

    New Jersey

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