17 Mercer Street, Hackensack, NJ, BERGEN, 07601
17 Mercer Street, Hackensack, NJ, BERGEN, 07601
$10,999,000
Request info
Basics
- Date added: Added 4 months ago
- Category: Commercial Sale/Lease
- Type: For Sale
- Status: Active
- Style: Industrial
- MLS ID: 25037573
Description
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Description:
INVESTMENT PROJECT TO BE BUILD BY SELLER!! Estimated to be done by end of 2026. This project offers a rare chance to invest in a fully entitled 6-story building totaling 35,060 sq ft. Benefit from a 5-year hold strategy with a projected 18%+ IRR and a 1.90x targeted equity multiple. The building also qualifies for a tax abatement and offers cost segregation benefits. This one of a kind investment is located in a rapidly growing market with strong demand for new development, this is a can't miss opportunity for investors seeking scale, efficiency, and high yield in one of Bergen Countyââ¬â¢s most active urban centers.
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Building Details
- Sub Style: Other
- Heat: Central Air, Other/See Remarks, Other Fuel Source/See Rmk
- Ownership: Private
- Waterfront: None
- Office Phone Number: 201-891-2223
- Flood Plain: None
Amenities & Features
- Utilities: O/See Rmks
- Solar Y/N: No
- POOL: No