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±6,330 SF Masonry Industrial Building 160-178 Jelliff Ave 6,330 SF Industrial Building Newark, NJ 07108 $3,950,000 ($624.01/SF) 7.20% Cap Rate
Executive Summary
Fully leased industrial investment opportunity consisting of approximately ±6,330 SF across two masonry industrial buildings situated on a ±0.43-acre site in Newark’s highly sought-after infill industrial market. Property features a large paved ±14,000–15,000 SF outdoor storage and parking area ideal for contractor yards, fleet parking, equipment storage, and industrial outdoor storage (IOS) users. Renovated in 2023, the asset offers 12’–15’ clear heights, multiple drive-in loading bays, flexible building layouts, and 4A Industrial/Commercial zoning permitting a wide range of industrial uses. Strategically located minutes from I-78, Routes 1 & 9, NJ Turnpike, Newark Liberty International Airport, and Port Newark/Elizabeth, providing exceptional access throughout Northern New Jersey and the greater New York metropolitan area. Strong in-place cash flow combined with valuable paved yard space makes this a rare investment opportunity within a supply-constrained industrial corridor.
Property Facts
| Price | $3,950,000 | Lot Size | 0.43 AC |
| Price Per SF | $624.01 | Rentable Building Area | 6,330 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.20% | Year Built | 1935 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Clear Ceiling Height | 15’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 6 |
| Zoning | 4A - Commercial | ||
| Price | $3,950,000 |
| Price Per SF | $624.01 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.43 AC |
| Rentable Building Area | 6,330 SF |
| No. Stories | 1 |
| Year Built | 1935 |
| Tenancy | Single |
| Clear Ceiling Height | 15’ |
| No. Drive In / Grade-Level Doors | 6 |
| Zoning | 4A - Commercial |
Amenities
- Fenced Lot
- Property Manager on Site
- Yard
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Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-02663-0000-00046 | Improvements Assessment | $182,300 |
| Land Assessment | $30,500 | Total Assessment | $212,800 |
Property Taxes
Parcel Number
14-02663-0000-00046
Land Assessment
$30,500
Improvements Assessment
$182,300
Total Assessment
$212,800
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±6,330 SF Masonry Industrial Building | 160-178 Jelliff Ave