50 Tice Blvd. in Woodcliff Lake — Courtesy: JLL
By Joshua Burd
The owner of a nearly 253,000-square-foot office building in Woodcliff Lake has listed the property for sale, in an offering that follows a recent uptick in leasing activity.
According to JLL, which represents the would-be seller, the building at 50 Tice Blvd. is 84.8 percent occupied with a roster of 39 tenants. That equates to nearly $4 million in net operating income, providing strong cash flow with what the listing team described as mark-to-market upside and minimal leasing risk.
Notably, the property has attracted more than 43,000 square feet of tenant activity since 2024, the firm said. In the process, it’s filling a “highly demanded need for smaller space in the market,” providing space that benefits from some $5 million in renovations, along with a location that’s minutes from the Garden State Parkway.
JLL’s Jose Cruz, Jeremy Neuer and Michael Kavaler lead the marketing team, with support from financing specialist Ryan Carroll. The firm noted that the property is being offered with an assumable in-place loan with a 5.88 percent rate and a maturity date of Sept. 6, 2032, with interest-only until October 2027.
The 20-acre site also includes parking for 938 cars, including 882 surface and 56 garage spaces.
