OFFICE BUILDING IN ENGLEWOOD CLIFFS, N.J. SELLS FOR $10.5 MILLION

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Englewood Cliffs, N.J. (February 2, 2022) – Coldwell Banker Commercial is pleased to have represented the seller in the disposition of a core asset multi-tenant office building located at 400 Sylvan Ave. in Englewood Cliffs, N.J. The property sold for $10.5 million.

William Hyuk S. Lee, CCIM, a commercial real estate professional with Coldwell Banker Commercial Realty, represented the seller in the transaction.

The two-story property was built in 1975 and renovated in 2012, encompasses 42,000 square feet and is situated on 2.99 acres of land with approximately 200 parking spaces.

“This well-managed property, with a diverse tenant mix of medical professionals, legal and accounting firms, was approximately 82% leased at the time of sale and was uniquely renovated with contemporary aesthetics that are attractive to occupants and visitors alike. 400 Sylvan Ave. offers an investor/owner-user a prime opportunity to acquire a long-term cash flow in a pristine asset,” said Lee.

About Coldwell Banker Commercial Realty

Coldwell Banker Commercial Realty, the local affiliate of Coldwell Banker Commercial®, provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition and disposition of all property types.  With a collaborative network of independently owned and operated affiliates, the Coldwell Banker Commercial organization comprises almost 200 companies and more than 3,000 professionals throughout the U.S. and internationally. For additional information, visit www.cbcworldwide.com

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