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Your Company Name Here 150 Avenue L 86,000 SF 100% Leased Industrial Building Newark, NJ 07105 $9,000,000 ($104.65/SF)

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INVESTMENT HIGHLIGHTS

  • Full Block; Excellent Location; Fully Functional. Prime canvas for renovation, creating a more functional building in a prime location.

EXECUTIVE SUMMARY

Perfect location. Easy access to port and airport. The building is on an entire block providing easy dock and drive-in door access. Refurbished pantry, break-room, and restrooms. Newly paved parking lot. Opportunity to improve and expand the building. Delivered vacant. Available for Lease

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Taxes $90,000 $1.05
Operating Expenses - -
Total Expenses $90,000 $1.05

FINANCIAL SUMMARY (ACTUAL - 2024)

Taxes
Annual $90,000
Annual Per SF $1.05
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $90,000
Annual Per SF $1.05

PROPERTY FACTS

Price $9,000,000
Price Per SF $104.65
Sale Type Investment or Owner User
Sale Condition Lease Option
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Industrial Distribution
  • FlexLight Distribution
Building Class C
Lot Size 1.61 AC
Rentable Building Area 86,000 SF
No. Stories 2
Year Built 1986
Parking Ratio 0.35/1,000 SF
Clear Ceiling Height 12’
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 6
Opportunity Zone Yes
Zoning I-1 - Light Industrial.

AMENITIES

  • Courtyard
  • Fenced Lot
  • Property Manager on Site

UTILITIES

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

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-02086-0000-00001
Land Assessment
$610,600 (2025)
Improvements Assessment
$828,900 (2025)
Total Assessment
$1,439,500 (2025)
Annual Taxes
$90,000 ($1.05/SF)
Tax Year
2024
  • Listing ID: 35844848

  • Date on Market: 5/21/2024

  • Last Updated:

  • Address: 150 Avenue L, Newark, NJ 07105

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