8 Wright Way, Oakland, NJ 07436
8 Wright Way, Oakland, NJ 07436Basic Details
- Date added: Added 1 month ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
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Description:
30,528 SF 100% Leased Office Building Oakland, NJ 07436 $8,250,000 ($270.24/SF)
A rare opportunity to own a 100% leased, freestanding school/daycare building on +/-3.4 acres in the McBride Commerce Park. This clean, well-maintained three-story building, with over 110 parking spaces, plus green space, is a turnkey investment for the new owner. Recent improvements include a GAF TPO roof (2020) with a 20-year warranty. 110 kW solar system added to the roof (2020) to offset the HVAC electric cost. A recent Stow recoating and window glazing with a warranty. The well-maintained building and property, under current ownership, as well as the building’s well-known and established long-term tenants, make this a solid investment.
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Property Details
- Parking: 110 Spaces (3.6 Spaces per 1,000 SF Leased)
- Area: 30,528 sq ft
- Year built: 1981
- Sale Type: Investment
- Building Size: 30,528 SF
- Building Class: B
- Typical Floor Size: 10,065 SF
- Tenancy: Multiple
- Percent Leased: 100%
- Building Height: 3 Stories
- Building Far: 0.20
- Zoning: I-P, Oakland Boro - The building is located in the distinguished McBride Commerce Park in Oakland, NJ, and is zoned IP (Industrial Park).
Highlights
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- Tenant Commitment to the Location: Well-established, long-term tenants operating at the location for more than 20 years.
- Recent Upgrades: New 20-Yr GAF TPO roof w/warranty & 110 KW solar system added to the roof (both 2020). Recent Stow recoating & window glazing.
- Prime Bergen County Location: Located in the McBride Commerce Park, Oakland, neighboring the towns of Franklin Lakes, Wyckoff & Mahwah.
Property Taxes
- Parcel Number: 42-03301-0000-00008
- Land Assessment: $1,626,900
- Improvements Assessment: $4,105,700
- Total Assessment: $5,732,600
Agent
Jerry DeCrosta
Brook Hollow Group
Location
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