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Paramus Plaza

Off-Market

545 State Route 17 South, Paramus, NJ 07652

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  • Property Type Retail - Community Center
  • Property Size 150,000 SF
  • Lot Size 13 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 2000

Location

  • City Paramus, NJ
  • Neighborhood Paramus
  • Zip Code 07652
  • Market New Jersey

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space		 Rent Price Lease
Type		 Space
Type		 Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross		 General
Office		 11/01/2014-
N/A
370 17th Street
#6000		 Morrison & Foerster,
(303) 592-1500		 10,710 SF $26/SF/YR Full
Service		 General
Office		 08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 02 Nov, 2006
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Paramus

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Paramus Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $31.53
  • 2020 Office Vacancy Rate 14.23%
  • 2020 Office Completions (SF)
View more Paramus market trends

Tax

  • Property Tax in 2022 $533,916
  • Market Value* $32,280,300
  • Assessed Value $32,280,300

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Paramus Plaza?

Paramus Plaza totals 150,000 square feet.

When was this property built?

Paramus Plaza was built in 2000.

When was Paramus Plaza last sold?

Paramus Plaza was last sold on 02 Nov, 2006.

What is the property tax for Paramus Plaza?

The property tax for Paramus Plaza in 2022 was $533,916.

What is the market value for Paramus Plaza?

The market value* for Paramus Plaza in 2022 was $32,280,300.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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