45 Eisenhower Dr, Paramus, NJ 07652
For Lease
1 / 2
This exceptional five-story, Class A office building, totaling approximately 175,149 square feet, sits on a nearly 10-acre lot in the thriving Paramus, New Jersey office market. Located at 45 Eisenhower Drive, this property boasts a 91.1% occupancy rate and offers 663 parking spaces. Its prime location provides easy access to major roadways including Route 17, the Garden State Parkway, and Route 4, ensuring convenient commutes for tenants. The building features a diverse tenant base across various sectors, including healthcare, finance, technology, law, and real estate, demonstrating strong tenant retention with an average tenancy of nearly 12 years and a weighted average lease term remaining of over 4 years. This presents a compelling investment opportunity, further enhanced by the possibility of assuming existing financing at a fixed interest rate of 4.75%, significantly below current market rates. The property's strong cash flow, coupled with its strategic location and impressive tenant roster, makes it an attractive asset for discerning investors seeking a stable and profitable investment in Northern New Jersey's dynamic office market. The building's substantial size and ample parking further contribute to its appeal.
-
Law Offices of Barbara B. Comerford Law Firm
-
Proxy Key Tech Support Center (Bike/Boat/Book/etc) Store
-
Kreiner Dental Dental Office
-
Aaes Engineering Structural Engineer
-
Black & Veatch Engineering Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.