$10,700,000 USD
732-283-9000
488-500 Mulberry St
Newark, NJ 07114
South Ironbound
HIGHLIGHTS
- Fully leased industrial building with net operting income of ± $640,000; tenants have flexible leases
- Owner can vacate ±3,300 SF office, ±7,638 SF mezzanine and ±16,000 SF warehouse for user buyer
- Zoned MX-2 Med-Density Res/Comm/Industrial; Redevelopment zoning for 8-story residential
- 3 tailboard doors and 4 drive-in doors; ceiling height 16'
- Property taxes ±$57,000
- Dropbox available with signed NDA
OVERVIEW
Fully leased industrial warehouse for sale in Newark. Adjacent to Newark's Design District, this property is also known as 190 Murray Street and is located one block from highway 21 and in close proximity to Routes 9, 78, 95, and 280. Owner can vacate 3300 s-f office + 7638 mezzanine or 16000 s-f of warehouse for user buyer.
Owner Financing Available .
FOR SALE DETAILS
PRICE
$10,700,000 USD
PRICE/SF
$189 USD /SF
CAP RATE
5.98%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1945
UTILITIES
Gas - Natural, Water - City, Sewer - City, Heating - Gas
CLEAR CEILING HT
16 Ft
DOCKS
3
DRIVE INS
5
PARKING SPACES
60
LAND DETAILS
LAND ACRES
1.82
LAND SF
79,279
ZONING
MX-2
APN/PARCEL ID
14-01183-0000-00001
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732-283-9000
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732-283-9000
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