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611 River DrElmwood Park, NJ 07407
611 River Drive
Asset ClassOffice
Occupancy100%
Cap Rate: 7.9%Square Feet: 86,003Access Data Room
Fully Occupied Office Building in Bergen County, NJ
overview of deal

Overview

RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 611 River Road in Elmwood Park, Bergen County, New Jersey.

 

611 River Road is a 100% occupied office building located in River Drive Center in Elmwood Park. The property offers a strong investment opportunity with strong cash flow and a 5.8-year weighted-average lease term (WALT)

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Investment Highlights

# Tenants
7
# Stories
4
% Leased
100%

RARE OPPORTUNITY

A well-maintained and fully-occupied office building in Bergen County, New Jersey, with strong cash-flow, and 5.8 years weighted average lease term (WALT).

 

STRONG ATTRIBUTES

  • Key building features include:
  • A two-story atrium with granite and glass finishes
  • Two (2) passenger elevators
  • Ample amount of parking with 375 surface spaces
  • Lower-level storage plus rooftop cellular phone towers providing additional income

FIRST SALE IN 27 YEARS

The building was constructed in 1999 and has been owned by the sameowners since then.

 

STRONG TENANCY

The building has been fully occupied since 2022, featuring (7) seven tenants from various industries, including financial services, consulting, healthcare, and real estate, with Spencer Savings Bank as the anchor tenant.

 

SUPERIOR ACCESSIBILITY & LOCATION

The property is situated in an office park with a four-way traffic light, just off Exit 61 of Route 80, and minutes from Route 46 and theGarden State Parkway. It is also 12 miles from the George WashingtonBridge and New York City.

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611 River DrElmwood Park, NJ 07407

Inquire with Exclusive Brokers

Kevin LouieVice President, Investment Sales(718) 663-2642klouie@ripcony.com
Adam HakimExecutive Managing Director646.290.2011ahakim@ripcony.com
James MuradManaging Director646.290.2012jmurad@ripcony.com
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Listing provided by Revere CRE