320 Colfax Ave
19,300 SF 100% Leased Industrial Building Clifton, NJ 07013 $3,100,000 ($160.62/SF) 6.72% Cap Rate
INVESTMENT HIGHLIGHTS
- Located off Route 80, Route 46, and the Garden State Parkway.
EXECUTIVE SUMMARY
Building is 100% Occupied and is generating a Net Operating Income of $208,290. All tenants are paying below market rent. All leases have a 90-day kick-out clause if you want to increase the value. For sale at $160.00 per foot. The building is zoned to sell automobiles from inside the building. This is a value add property.
PROPERTY FACTS
| Price | $3,100,000 |
| Price Per SF | $160.62 |
| Sale Type | Investment |
| Cap Rate | 6.72% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.90 AC |
| Rentable Building Area | 19,300 SF |
| No. Stories | 1 |
| Year Built | 2011 |
| Parking Ratio | 2.85/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 2 |
AMENITIES
- Fenced Lot
- Floor Drains
- Property Manager on Site
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 02-00028-02-00017 | Improvements Assessment | $225,600 |
| Land Assessment | $252,700 | Total Assessment | $478,300 |
ZONING
| Zoning Code | M-1 (Manufacturing) |
