46 Farrand St - Manufacturing FOR SALE


Bloomfield, NJ 07003
$10,200,000 USD
201-892-9933
46 Farrand St, Bloomfield, NJ for Sale
$10,200,000 USD
Manufacturing - FOR SALE
1/38
null | Request Cap Rate

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46 Farrand St
Bloomfield, NJ 07003


HIGHLIGHTS

  • Ideal for manufacturing, warehousing or distribution
  • Easy access to major highways

OVERVIEW

The subject property represents a three-story multi-level industrial building comprising a total of approximately 75,872 square feet of gross building area. The improvements feature 10-16’ ceiling heights, with a freight elevator, and three overhead dock doors. There are also 65 parking spaces. The grade and 3rd levels generally consist of warehouse/industrial space, while the 2nd floor (approximately 33% of GBA) offers office/storage area. The improvements were constructed in 1947. The facility is fully net leased to a single tenant, SOLID STATE, INC. and N.T.E. ELECTRONICS. The current lease commenced on January 1, 2022 and was for a ten-year term. The overall site comprises a total approximately 2.08 acre lot. The site is located along Farrand Street in Bloomfield Township (Essex County) in the State of NJ. It is also worth noting that a small portion of the northern portion of the site is located within the Borough of Glen Ridge.

FOR SALE DETAILS

PRICE

$10,200,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1947

UTILITIES

Lighting, Gas - Natural, Water, Sewer, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

4

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.76

LAND SF

76,666

ZONING

BCR II

APN/PARCEL ID

02-00225-0000-00015

ASK ABOUT THIS PROPERTY

Maggie Abdo-Manno, CCIMCENTURY 21 Semiao & AssociatesMore Info
201-892-9933

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Maggie Abdo-Manno, CCIMCENTURY 21 Semiao & AssociatesMore Info
201-892-9933

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