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261 Monroe Ave 50,000 SF Vacant Flex Building Kenilworth, NJ 07033 $11,500,000 ($230/SF)
Executive Summary
Nexus Realty Advisors LLC is pleased to offer this +/-50,000 SF industrial property comprised of three buildings situated on 2.32 acres ( +/-450’ x 225’ lot dimensions).
The property includes approximately +/-5,712 SF of dedicated office space and features 13 drive-in doors, clear heights ranging from 12’ to 30’, and cranes ranging from 1 to 3 tons. The site offers parking for approximately 60 cars and 16 trailer spaces.
+/-39,000 SF is available for immediate occupancy in the main building, presenting a strong owner-user opportunity. The remaining +/-11,000 SF is occupied by multiple month-to-month tenants, generating approximately +/-$200,000 in NOI.
Zoned Industrial, the property is well-suited for manufacturing, fabrication and warehousing.
The property includes approximately +/-5,712 SF of dedicated office space and features 13 drive-in doors, clear heights ranging from 12’ to 30’, and cranes ranging from 1 to 3 tons. The site offers parking for approximately 60 cars and 16 trailer spaces.
+/-39,000 SF is available for immediate occupancy in the main building, presenting a strong owner-user opportunity. The remaining +/-11,000 SF is occupied by multiple month-to-month tenants, generating approximately +/-$200,000 in NOI.
Zoned Industrial, the property is well-suited for manufacturing, fabrication and warehousing.
Property Facts
| Price | $11,500,000 | Rentable Building Area | 50,000 SF |
| Price Per SF | $230 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1950 |
| Property Type | Flex | Parking Ratio | 1.2/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 2.32 AC | Cross Streets | Monroe Ave |
| Price | $11,500,000 |
| Price Per SF | $230 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 2.32 AC |
| Rentable Building Area | 50,000 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.2/1,000 SF |
| No. Drive In / Grade-Level Doors | 5 |
| Cross Streets | Monroe Ave |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
full 39,000 is available @ 12.25/SF NNN
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,000-39,000 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 5,000-39,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 5,000-39,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
full 39,000 is available @ 12.25/SF NNN
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Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 08-00061-0000-00001 | Improvements Assessment | $608,300 |
| Land Assessment | $638,000 | Total Assessment | $1,246,300 |
Property Taxes
Parcel Number
08-00061-0000-00001
Land Assessment
$638,000
Improvements Assessment
$608,300
Total Assessment
$1,246,300
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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261 Monroe Ave
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