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Owner-user or Invest | 19,815 SF Ind Building 7-17-21 Hoffman

19,815 SF Vacant Industrial Building East Orange, NJ 07017 $2,398,888 ($121/SF) 8.50% Cap Rate

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Executive Summary

The Elia Realty Group and KW Commercial are proud to present an exciting new opportunity to own a mixed use Warehouse and Office property in the heart of East Orange, close to all major highways with easy in-an-out access for an owner operator, or an investor looking at obtaining a return on his investment.
Rare Value-add Industrial property For Sale with approx. 19,815 Interior SqFt of Industrial / Office Space and approx. 18,400 SqFt Lot Size. The Proforma Cap Rate = 8.16% for an investor, and easy to move-in for an owner-user. Inquire today before it's sold to someone else who acts faster and more efficient.

OM for 7-17-21 Hoffman, East Orange - $2.398M.compressed

Property Facts

Price	$2,398,888	Lot Size	0.46 AC
Price Per SF	$121	Rentable Building Area	19,815 SF
Sale Type	Investment or Owner User	No. Stories	2
Cap Rate	8.50%	Year Built/Renovated	1940/1990
Property Type	Industrial	Clear Ceiling Height	20 FT
Property Subtype	Distribution Industrial Manufacturing Industrial Warehouse Industrial Service	No. Drive In / Grade-Level Doors	2

Price	$2,398,888
Price Per SF	$121
Sale Type	Investment or Owner User
Cap Rate	8.50%
Property Type	Industrial
Property Subtype	Distribution Industrial Manufacturing Industrial Warehouse Industrial Service
Lot Size	0.46 AC
Rentable Building Area	19,815 SF
No. Stories	2
Year Built/Renovated	1940/1990
Clear Ceiling Height	20 FT
No. Drive In / Grade-Level Doors	2

Amenities

Fenced Lot

Signage

Yard

Storage Space

Lighting - Fluorescent
Gas - Natural
Water - City
Sewer - City
Heating - Gas

PROPERTY TAXES

Parcel Numbers	Multiple 05-00096-0000-00002 05-00096-0000-00003 05-00096-0000-00004	Improvements Assessment	$711,600
Land Assessment	$292,800	Total Assessment	$1,004,400