Description
Prime 1.74 Acre site situated along Route 17 North in Upper Saddle River, NJ. Property currently consists of two office buildings: 1) 5,000+/- SF front building is currently owner occupied and will be delivered vacant at closing 2) 2,500+/- SF rear buildings is currently 50% occupied by Hertz Rental Car Hertz lease expires on6/30/2023 and they have expressed interest in signing a new 5 year lease Hertz pays $2,412.39/mo in base rent + $900/mo in expenses including 1/3 of real estate taxes and 50% of pass through expenses. Hertz current total rent is $3,312.39/mo or $39,748.68/year ($32/SF gross)
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School Ratings & Info
Description
Prime 1.74 Acre site situated along Route 17 North in Upper Saddle River, NJ. Property currently consists of two office buildings: 1) 5,000+/- SF front building is currently owner occupied and will be delivered vacant at closing 2) 2,500+/- SF rear buildings is currently 50% occupied by Hertz Rental Car Hertz lease expires on6/30/2023 and they have expressed interest in signing a new 5 year lease Hertz pays $2,412.39/mo in base rent + $900/mo in expenses including 1/3 of real estate taxes and 50% of pass through expenses. Hertz current total rent is $3,312.39/mo or $39,748.68/year ($32/SF gross)
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