90 Prospect AveHackensack, NJ 07601

Property Details for 90 Prospect Ave

Property size (Sq ft)

3,813 SF

Property type

Healthcare properties

Property subtype

Other office properties

Description

This exceptional investment opportunity presents three medical office condos totaling 3,813 square feet, located at 90 Prospect Avenue in Hackensack, New Jersey. Currently 100% occupied by a pediatric tenant under a 3-year lease, this Class B property offers immediate cash flow and long-term stability. The building boasts 15 dedicated parking spaces, a significant advantage in this high-demand location. Situated directly across from Hackensack University Medical Center and conveniently close to Route 80 and numerous amenities, this property enjoys unparalleled accessibility. The asking price is $700,000, representing a compelling 8.26% capitalization rate based on a net operating income (NOI) of $57,849. The ground-floor location provides convenient access for patients and staff. This turnkey investment is ideal for those seeking a stable, high-return medical office property in a prime New Jersey location. The property features a single tenancy and is comprised of one building. This is a rare opportunity to acquire a well-positioned medical office condo with a strong tenant and excellent growth potential. The property's location offers easy access to major transportation routes and a wealth of local amenities. The current lease provides a secure income stream for the foreseeable future.

Location Insight

City

Hackensack

County

Bergen

State

New Jersey

Latitude

40.886

Longitude

-74.057

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