261 Monroe Ave - Flex FOR SALE


Kenilworth, NJ 07033
$12,500,000 USD
917-720-7767
261 Monroe Ave, Kenilworth, NJ for Sale
$12,500,000 USD
Flex - FOR SALE
1/8
null | Request Cap Rate

261 Monroe Ave
Kenilworth, NJ 07033


OVERVIEW

Nexus Realty Advisors LLC is pleased to offer this +/-50,000 SF industrial property comprised of three buildings situated on 2.32 acres ( +/-450’ x 225’ lot dimensions). The property includes approximately +/-5,712 SF of dedicated office space and features 13 drive-in doors, clear heights ranging from 12’ to 30’, and cranes ranging from 1 to 3 tons. The site offers parking for approximately 60 cars and 16 trailer spaces. +/-39,000 SF is available for immediate occupancy in the main building, presenting a strong owner-user opportunity. The remaining +/-11,000 SF is occupied by multiple month-to-month tenants, generating approximately +/-$200,000 in NOI. Zoned Industrial, the property is well-suited for manufacturing, fabrication and warehousing.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

5

PARKING SPACES

76

LAND DETAILS

LAND ACRES

2.32

LAND SF

101,059

ZONING

-

APN/PARCEL ID

08-00061-0000-00001

ASK ABOUT THIS PROPERTY

Michael FromowitzNexus Realty AdvisorsMore Info
917-720-7767

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Michael FromowitzNexus Realty AdvisorsMore Info
917-720-7767

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.