Current Use by Public Records
- Samara Arafat A MD / Physician
- Wong Jonathan MD / Pediatrician / Medical Clinic
- One Surgical Specialists the region's top surgeons / Medical Group / Bariatric Surgeon
- Nichols & Pereria Surgical Now One Surgical Specialists / Medical Clinic / Hospital
- Pediatricare Associates / Pediatrician / Medical Clinic
Property Details for 90 Prospect Ave
- Property type
- Office Spaces
- Property subtype
- Medical Office Space
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.
Value Estimations
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hackensack
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.057
- Latitude
- 40.886
