90 Prospect Ave Hackensack, NJ 07601

Property Details for 90 Prospect Ave

Property size

3,813 SF

Property type

Office Properties & Spaces

Property subtype

Medical offices

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

Longitude

-74.057

Latitude

40.886