2-8 Central Ave
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2-8 Central Ave
126,316 SF 30% Leased Industrial Building East Orange, NJ 07018 $13,000,000 ($103/SF) 7% Cap Rate
Executive Summary
2-8 Central Ave +/- 127,000 FT manufacturing warehouse that originally was built to manufacture cars, over .99 Acre. 3 floors with large
freight elevator to all floors. 3 loading docks , drive in , a driving ramp thru all floors. Parking for 49 cars. 1,300 SF Mezzanine between first
and second floor.
Office 10,000 SF
1st level 16', 2nd level 11' and third level 10'
3 loading docks for 40' container and 53' trailers .
Building just passed fire inspection with lots of partial updates for the sprinkler system.
New heating system.
New highly efficient electrical system in all 3 floors (3 phases manufacturing rated)
Building has also a small employee elevator close to the office area .
freight elevator to all floors. 3 loading docks , drive in , a driving ramp thru all floors. Parking for 49 cars. 1,300 SF Mezzanine between first
and second floor.
Office 10,000 SF
1st level 16', 2nd level 11' and third level 10'
3 loading docks for 40' container and 53' trailers .
Building just passed fire inspection with lots of partial updates for the sprinkler system.
New heating system.
New highly efficient electrical system in all 3 floors (3 phases manufacturing rated)
Building has also a small employee elevator close to the office area .
Property Facts
| Price | $13,000,000 | Rentable Building Area | 126,316 SF |
| Price Per SF | $103 | No. Stories | 3 |
| Sale Type | Investment | Year Built | 1930 |
| Cap Rate | 7% | Parking Ratio | 0.39/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 18 FT |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 3 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.99 AC |
| Price | $13,000,000 |
| Price Per SF | $103 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.99 AC |
| Rentable Building Area | 126,316 SF |
| No. Stories | 3 |
| Year Built | 1930 |
| Parking Ratio | 0.39/1,000 SF |
| Clear Ceiling Height | 18 FT |
| No. Dock-High Doors/Loading | 3 |
| Opportunity Zone |
Yes |
Amenities
- Front Loading
- Mezzanine
- Yard
- Storage Space
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
- 1st Floor
- 45,000 SF
- Industrial
- Full Build-Out
- Now
- 3rd Floor
- 43,000 SF
- Industrial
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 45,000 SF | Industrial | Full Build-Out | Now |
| 3rd Floor | 43,000 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 45,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 43,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
Walk Score ®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 05-00023-0000-00003 | Improvements Assessment | $2,252,800 |
| Land Assessment | $1,180,000 | Total Assessment | $3,432,800 |
PROPERTY TAXES
Parcel Number
05-00023-0000-00003
Land Assessment
$1,180,000
Improvements Assessment
$2,252,800
Total Assessment
$3,432,800
zoning
| Zoning Code | GC (Industrial/ Manufacturing) |
| GC (Industrial/ Manufacturing) |
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