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Multi-Building Industrial - 179 Berger Street, Wood-Ridge, NJ

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $2,350,000

  • 12,000

  • 6.13%

  • NOI :

  • Acres :

  • $144,000

  • 0.80

  • Property Type :

  • Property Status :

  • Industrial

  • Under Agreement

Investment Highlights

  • The subject property is two free standing  6,000 SF (12,000 SF Total) industrial buildings situated on 8/10 of an acre
  • Ceiling Heights 16'
  • Current taxes of $32,000
  • Parking for 20 cars 
  • Great opportunity to own two industrial buildings close to the Meadowlands.
  • Property is currently occupied by two tenants at below market leases, Globe Marble currently occupies 10,000 SF at $7 PSF with market comps showing going rents are closer to $12
  • Property is zoned for Light Industrial use; additionally, outside storage is a permitted use for this property 
  • Close to I-95, Rt 17, Rt 3,  Rt 80 and Rt 46

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