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Listed by Vincent Stanson Berkshire Hathaway Home Services Abbott Realtors
$ 2,999,000
Est. payment | /mo
$ 2,999,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25025288
Style Industrial
Property Sub-Type Industrial
Property Description
Prime Development Opportunity in Hackensack!! This approved, shovel-ready project offers a rare chance to invest in a fully entitled 6-story building totaling 35,060 sq ft. Approvals are ready to be handed over along with construction documents, Benefit from a 5-year hold strategy with a projected 18%+ IRR and a 1.90x targeted equity multiple. The site also qualifies for a tax abatement and offers cost segregation benefits. A local, experienced property management team is in place to ensure smooth operations upon completion. Located in a rapidly growing market with strong demand for new development, this is a turn-key opportunity for investors seeking scale, efficiency, and high yield in one of Bergen County’s most active urban centers.
Location
State NJ
County Bergen
Interior
Heating Central Air, Other/See Remarks, Other Fuel Source/See Rmk
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Thomas Mikalouskas
REALTOR® | Lic# 0235388