Listed by Sitar Realty Company Iselin
$11,500,000
488-500 Mulberry Street
Details
Property Type Industrial
Sub Type Warehouse
Square Footage 53,440
Cap Rate 6.67%
NOI $767,560
Occupancy 100%
Tenancy Multi
Brand/Tenant Truck Mechanic, Onyx Tile
Acreage 1.820
Zoning MX-2 Med-Density Res/Comm/Industrial
Investment Type Stabilized
Ceiling Height 16'-20'
Loading Docks 3
Dock High Doors 3
Industrial | 6.67% CAP | 53,440 SqFt
Marketing description
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.
Investment highlights
- Fully leased industrial building. Tenants have flexible leases.
- Owner can vacate ±3,300 SF office, ±5,000 SF mezzanine and ±13,000 SF warehouse for user buyer.
- Zoned MX-2 Med-Density Res/Comm/Industrial; Redevelopment zoning for 8-story residential.
- 3 tailboard doors and 5 drive-in doors; ceiling height 16'-20'.
- Drive-in doors between units as well.
- Property taxes ±$57,000 per year.
- Dropbox available with signed NDA.
- Owner financing available.
Listing Contacts
Listed by Sitar Realty Company Iselin
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$767,560.00
$63,963.33/mo
Valuation Metrics
0
DSCR
6.67%
Cap Rate
6.67%
ROI
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