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Income-Generating Multi-Tenant Flex Warehouse 160 Belmont Ave 23,750 SF 100% Leased Industrial Building Online Auction Sale Garfield, NJ 07026
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Investment Highlights
- 160 Belmont Avenue is a two-story, 23,750-square-foot industrial warehouse located off the Passaic River, constructed in 1965 and renovated in 2013.
- Passive light industrial investment with three tenants on a 2027-2029 rollover with 3-5% annual escalations built-in.
- Port of Newark Container Terminal, the nearest freight port, is about 20 miles south via Interstate 95, supporting large-scale delivery logistics.
- Directly in front of rail line access, less than 25 miles from Newark Liberty and LaGuardia Airport, with convenient access to I-80 and I-95.
- Features include 13’-16’ warehouse clear heights, two drive-ins, two dock-high doors, storage space, and a mezzanine level.
Executive Summary
As the exclusive advisor, Nexus Realty Advisors has been retained by ownership to offer the hands-off light industrial investment opportunity to the market at 160 Belmont Avenue in Garfield, New Jersey.
A 23,750-square-foot flex warehouse improves the 0.43-acre parcel fronting rail access, currently 100% occupied by regional tenants. Each tenant has in-place escalations through their lease term, ranging from 2027 to 2029. Net operating income exceeds $260,000 annually, making this a stabilized asset with future upside and additional leasing momentum to tap into.
The building includes a front-loading station, storage space, drive-ins, dock-high doors, a mezzanine level, and 25+ surface parking spaces. The second story is window-lined to bring plenty of natural light into the office space, while the warehouse boasts high ceilings.
160 Belmont Avenue is situated in Garfield, New Jersey, a neighboring suburb of New York City, with a 10-mile population of 2,893,201. The subject building is located close to Newark and LaGuardia Airports, with an abundance of public transportation options, as well as restaurants, dining, hotels, and parks. Route 3 and Interstates 95 and 80 are major transportation corridors serving the Northern New Jersey Market.
New York Metro’s industrial market is defined by its tenants competing for sites that enable rapid last-mile delivery. The Port of New York and New Jersey, the busiest on the East Coast, has seen major infrastructure upgrades that have recently expanded container capacity, while the major airports continue to enable critical air cargo connectivity. Recent census data highlights the metro’s renewed momentum that few global regions can match.
A 23,750-square-foot flex warehouse improves the 0.43-acre parcel fronting rail access, currently 100% occupied by regional tenants. Each tenant has in-place escalations through their lease term, ranging from 2027 to 2029. Net operating income exceeds $260,000 annually, making this a stabilized asset with future upside and additional leasing momentum to tap into.
The building includes a front-loading station, storage space, drive-ins, dock-high doors, a mezzanine level, and 25+ surface parking spaces. The second story is window-lined to bring plenty of natural light into the office space, while the warehouse boasts high ceilings.
160 Belmont Avenue is situated in Garfield, New Jersey, a neighboring suburb of New York City, with a 10-mile population of 2,893,201. The subject building is located close to Newark and LaGuardia Airports, with an abundance of public transportation options, as well as restaurants, dining, hotels, and parks. Route 3 and Interstates 95 and 80 are major transportation corridors serving the Northern New Jersey Market.
New York Metro’s industrial market is defined by its tenants competing for sites that enable rapid last-mile delivery. The Port of New York and New Jersey, the busiest on the East Coast, has seen major infrastructure upgrades that have recently expanded container capacity, while the major airports continue to enable critical air cargo connectivity. Recent census data highlights the metro’s renewed momentum that few global regions can match.
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Offering Memorandum Click Here to Access
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- Offering Memorandum
- Operating and Financials
- Purchase Agreement
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Auction Sale | Year Built/Renovated | 1965/2013 |
| Type of Ownership | Fee Simple | Parking Ratio | 1.12/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 13’ |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 0.43 AC | Parcel Number | 21-00088-02-00037 |
| Rentable Building Area | 23,750 SF | ||
| Zoning | LI - Light Industrial | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 0.43 AC |
| Rentable Building Area | 23,750 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2013 |
| Parking Ratio | 1.12/1,000 SF |
| Clear Ceiling Height | 13’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | LI - Light Industrial |
| Parcel Number | 21-00088-02-00037 |
Amenities
- 24 Hour Access
- Front Loading
- Mezzanine
- Property Manager on Site
- Yard
- Storage Space
- Air Conditioning
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating
Walk Score®
Very Walkable (83)
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
New York
8,398,748
25
0 h 44 m
Philadelphia
1,584,138
94
2 h 0 m
Boston
694,583
217
4 h 39 m
Washington
702,455
227
4 h 42 m
Columbus
892,533
550
10 h 17 m
Detroit
672,662
611
11 h 24 m
Access and Labor Force
10 Miles
Total Population
2,893,201
Total Labor Force
1,523,067
Unemployment Rate
4.58%
Median Household Income
$79,812
Warehouse Employees
192,564
High School Education Or Higher
88.10%
Sale Advisors
Sale Advisors
Michael Fromowitz, Broker / Owner
Known for his honesty, market knowledge, and straightforward negotiation style, he has guided clients through hundreds of successful transactions. Michael is widely trusted for finding real opportunities, solving problems quickly, and putting clients' interests first.
Michael has received the LoopNet Power Broker award for transacting a great deal of complex and dynamic transformations.
Michael has received the LoopNet Power Broker award for transacting a great deal of complex and dynamic transformations.
About the Auction Technology
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Auction Contact
Casey Harrell
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Income-Generating Multi-Tenant Flex Warehouse | 160 Belmont Ave
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