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Multi-Tenant Office + Shalom Yeladim Child Care Center - 764 Palisade Avenue, Teaneck, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $4,110,000

  • 16,270

  • 6.00%

  • NOI :

  • Acres :

  • $246,582

  • 0.52

  • Property Type :

  • Property Status :

  • Office

  • Available

Investment Highlights

  • Two Building portfolio, 764 & 780 Palisade Avenue, Bergen County, Teaneck, NJ
  • 764 Palisade is a 97% occupied, 4,270 square foot office building, fully gut renovated
  • 780 Palisade is a 100% occupied child-care center with a long-term lease
  • 15 total office suites including one small 120 square foot vacancy
  • Excellent building with small units/short leases in an inflationary period – ability to raise rents at landlord discretion
  • Small units at 764 mitigate landlord risk
  • Stable, long-term anchor at 780 Palisade
  • Excellent demographics with over 207,000 people in a 3-mile radius and an average household income exceeding $122,000
  • Nearby national tenants include Stop & Shop, Bank of America, M&T Bank, CVS, IHOP, KFC, The UPS Store, USPS, 7-Eleven, Lakeland Bank, Chase Bank and Dunkin' Donuts. 
  • 25,000+ vehicles per day pass by the intersection of Cedar Lane and Palisade Avenue

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