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Prime Office Building for Sale at 500 Franklin Turnpike

Prime Office Building for Sale at 500 Franklin Turnpike
FOR SALE

$25,000,000

500 Franklin Turnpike, Ramsey, NJ 07446

136,481 SF

Square Feet

$183

PPSF

8.38%

CAP

Property Description

NOI

$2,094,946

Cap Rate

8.38%

Located in the vibrant town of Ramsey, NJ, this premier office building features 136,481 rentable square feet across three stories on nearly eight acres of land. Built in 1989, the property offers exceptional 13-foot ceilings, ample natural light, and 685 striped parking spots. Its strategic position at the intersection of North Franklin Turnpike and Hilltop Road ensures visibility and accessibility.

Surrounded by affluent neighborhoods, the property benefits from strong demographics, including a $160,000+ median household income and proximity to major employers, national retailers, and transportation links. Zoned for laboratory and office use, the building caters to diverse tenant needs, making it a flexible and future-ready investment asset.


Property Details

Asset Type

Office

Year Built

1989

Zoning

Laboratory and Office Building District

Acres

8

Neighborhood

Bergen County

Submarket

Ramsey

ZIP

07446

Renovated

2019

Listing Type

sale

Net Operating Income (NOI)

$3,323,632

Debt Service Coverage Ratio (DSCR)

2.34x

Cap Rate

13.29%

Cash Flow (Annual)

$1,901,479

Cash-on-Cash Return

30.42%

Monthly Debt Service

$118,513

Annual Debt Service

$1,422,153

View on Map

Address

500 Franklin Turnpike

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Ramsey Office Market Snapshot

Boundary boundary · Office · Sale

No investors found in this market.

Contact the Listing Team

Abie Kassin

Abie Kassin

Director

52 closed

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Lipa Lieberman

Lipa Lieberman

Managing Director

36 closed

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David Schechtman

David Schechtman

Senior Executive Managing Director

74 closed

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Send a Message

Abie Kassin

Abie Kassin

Director

52 closed

Call
Lipa Lieberman

Lipa Lieberman

Managing Director

36 closed

Call
David Schechtman

David Schechtman

Senior Executive Managing Director

74 closed

Call
IB

Ikey Betesh

Associate

6 closed

Call