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Browse More Listings in Industrial For Sale, Newark, NY or New York

Industrial Property For Sale

Newark Investment Portfolio

513 West Union Street, Newark, NY 14513

Price:
$7,900,000
Building Size:
660,000 SF
Price/SF:
$11.97
Property Type:
Industrial
Property Sub-type:
Industrial-Business Park
Additional Sub-types:
Manufacturing
Self/ Mini-Storage Facility
Distribution Warehouse
Property Use Type:
Investment
Cap Rate:
13.80%
Tenancy:
Multiple
Year Built:
1920
Find Out More...

Last Verified 11/23/2009 Listing ID 14965139

Highlights

Portfolio of four (4) industrial facilities and one retail property in Newark
Rail access is available (industrial facilities)
Offering Memo is available upon execution of a Confidentiality Agreement

Conf. Agrmt is attached

Description

Approximately 660,000± square feet in 5 properties, including: 57,915± SF (266 Murray Street); 116,636± SF (235 Murray Street); 155,321± SF (Wayne Warehouse, 700 North Main Street); 152,441± SF (130-132 Harrison Street); 177,700± SF (Cannery Row Mall).

The space is predominantly used for storage, self/mini-storage, and public warehouse, with some office and retail space throughout the facilities. The available space is flexible to suit the needs of a variety of tenants.

Built between 1920 and 1955, this 5-building portfolio is located in the heart of the Village of Newark. Cannery Row Mall is a commercial/retail complex; the balance of the space is industrial/warehouse.

Financial Summary

Actual
Year
2008
Net Operating Income
$1,091,000

Map of 513 West Union Street, Newark, NY 14513 (Wayne County)

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Presented by

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Joseph Rowley, Jr. (585) 240-8080 Ext: 230

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Created 1/22/2007

Additional Information for 513 W Union Street, Newark, NY 14513

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Industrial Property For Sale - Newark Investment Portfolio

513 West Union Street, Newark, NY, 14513