240 Frisch Ct, Paramus, NJ 07652

This four-story office building, encompassing 66,000 square feet, is situated at 240 Frisch Court in Paramus, New Jersey. The property offers a substantial presence within a dynamic commercial environment. Its construction dates back to 1977, and it is classified as a Class B building. The structure is designed with multiple stories, providing ample vertical space for various business operations. The building's zoning is designated as BL by the Paramus Borough, indicating its suitability for commercial use.

The property benefits from a prime Paramus location, offering convenient access to major transportation arteries and public transit options, facilitating connectivity for employees and clients alike. Its proximity to significant retail centers, essential local services, and New York City further enhances its strategic value. The surrounding area is characterized by a robust retail corridor and active commercial development, suggesting a vibrant economic landscape.

Included with the property is a significant parking infrastructure, featuring 141 spaces. This equates to approximately 2.14 parking spaces per 1,000 square feet of leased area, addressing the needs of a sizable workforce and visitor base. The building is designed to accommodate multiple tenancies, offering flexibility for diverse business arrangements. This characteristic makes it a compelling option for investors seeking diversified income streams or for an owner-user looking to occupy a portion of the space while potentially leasing out the remainder.

The building's overall design and location present a combination of suburban accessibility and strong market visibility. The property is presented as an opportunity for either investment purposes or for an owner-user seeking a substantial commercial footprint. The provided capitalization rate of 8.50% offers a quantitative measure for potential investors to consider in their financial analysis. The property's four-story configuration and covered parking are notable physical attributes contributing to its functional appeal.