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385 Market St 9,000 SF Industrial Building Kenilworth, NJ 07033 $3,350,000 ($372.22/SF) 5% Cap Rate
Executive Summary
• Freestanding commercial building
• Strong, established tenant
• 5% annual rental increases
• Prominent, high-visibility location
• Excellent accessibility and strong surrounding demographics
• Stable income with built-in growth
• Backup Generator
• Strong, established tenant
• 5% annual rental increases
• Prominent, high-visibility location
• Excellent accessibility and strong surrounding demographics
• Stable income with built-in growth
• Backup Generator
Property Facts
| Price | $3,350,000 | Rentable Building Area | 9,000 SF |
| Price Per SF | $372.22 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1980/2022 |
| Cap Rate | 5% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.89/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 18’ |
| Building Class | A | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.41 AC | ||
| Zoning | LI - Industaril | ||
| Price | $3,350,000 |
| Price Per SF | $372.22 |
| Sale Type | Investment NNN |
| Cap Rate | 5% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | A |
| Lot Size | 0.41 AC |
| Rentable Building Area | 9,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1980/2022 |
| Tenancy | Single |
| Parking Ratio | 2.89/1,000 SF |
| Clear Ceiling Height | 18’ |
| No. Dock-High Doors/Loading | 1 |
| Zoning | LI - Industaril |
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Property Taxes
| Parcel Number | 08-00173-0000-00007 | Improvements Assessment | $317,000 |
| Land Assessment | $123,000 | Total Assessment | $440,000 |
Property Taxes
Parcel Number
08-00173-0000-00007
Land Assessment
$123,000
Improvements Assessment
$317,000
Total Assessment
$440,000
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Presented by
Gloria M Realty
385 Market St
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