209 ADAMS ST Riverside NJ 08075-3147

Sands Investment Group is pleased to exclusively list for sale this Small Bay Industrial property in Riverside, NJ. The offering includes two buildings totaling 11,426 SF across 11 units. 8 of the units are currently leased, and there are multiple opportunities to add significant value to this property.

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• Below Market Rents: The in-place NOI is only $81,302 or $7.12/SF. Market asking rents are in excess of $12/ft for comparable properties.

• Immediate Value-Add Potential: All tenants in the warehouse portion of the property are on month-to-month leases, and some small offices can be leased, allowing for immediate adjustments to property management.

• Property Features 11 Units Across Two Buildings: The warehouse portion is +/-8,700 SF across 7 units with a total of 10 roll-up doors; The +/-2,726 SF office building can be easily subdivided into multiple units & leased for additional value-add potential.

• Dealership License: This property has a NJ Motor Vehicle Installment Seller License, which is very challenging to attain; It is held by NJ Motor Group, which makes this office tenant sticky.

• Priced Well Below Replacement Cost: Property is priced at only $110/SF - a significant discount to the cost of replacing the building, paving, and fencing.

• Small Average Unit Size: Units are small, ranging from 600 to 2,500 SF; These are easier to lease and are maintaining historically low vacancy rates.

• Strategic Location: Over 84,500 population, 4.4 million SF of retail, 6.3 million SF of big-box warehouses all within a 3-mile radius; Businesses that operate out of properties like 209 Adams St thrive off the high density of residential, retail, and logistical properties nearby.

• Versatile Commercial-Industrial Zoning (I-2): Commercial Industrial Zoning (I-2) allows for contractor storage, light manufacturing, transportation, warehousing, rental services, and other commercial and industrial uses.