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395 Clark St

9,124 SF 100% Leased Industrial Building Keyport, NJ 07735 $3,200,000 ($351/SF) 8.48% Cap Rate

Investment Highlights

  • Industrial property with solid income stream with multi tenants

Executive Summary

Very desirable commercial property with multiple cash flows. This property consists of a BP gas station, A repair shop/automotive building, a 2-story office building, a large truck painting/repair building with 12' overhead doors currently rented by Maaco painting/auto body and a 30,000SF +/- towing yard with direct access to The Garden State Parkway. This property is 1.38 acres with Keyport zoning I. Rare opportunity to pick up this rare piece with a strong cash flow from existing tenants. Tenants and lease terms provided below. Towing lot is month to month.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $3,200,000
Price Per SF $351
Sale Type Investment or Owner User
Cap Rate 8.48%
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 2.19 AC
Rentable Building Area 9,124 SF
No. Stories 2
Year Built 1968
Parking Ratio 10.96/1,000 SF
No. Drive In / Grade-Level Doors 6
Cross Streets Madison

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating - Gas

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-00001-0000-00003
Land Assessment
$988,800
Improvements Assessment
$561,500
Total Assessment
$1,550,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024

zoning

Zoning Code I (Industrial-Uses in Memorandum)
I (Industrial-Uses in Memorandum)
  • Listing ID: 34331383

  • Date on Market: 12/31/2024

  • Last Updated:

  • Address: 395 Clark St, Keyport, NJ 07735

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