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39 Progress St 40,000 SF 100% Leased Industrial Building Edison, NJ 08820 $10,990,000 ($274.75/SF)
Executive Summary
Kassin Sabbagh Realty (KSR) is proud to represent 39 Progress Street a well-positioned property in a growing New Jersey market. Its location offers strong transit access and proximity to ongoing development, making it ideal for a variety of commercial or mixed-use tenants. With stable rental demand and long-term upside potential, this asset provides investors with both immediate income opportunities and future value growth.
Just a short drive from Metropark Station, the location provides convenient rail service to New York City and other parts of New Jersey, while Newark Liberty International Airport is less than half an hour away.
Just a short drive from Metropark Station, the location provides convenient rail service to New York City and other parts of New Jersey, while Newark Liberty International Airport is less than half an hour away.
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- Offering Memorandum
Property Facts
| Price | $10,990,000 | Rentable Building Area | 40,000 SF |
| Price Per SF | $274.75 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1970 |
| Property Type | Industrial | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 17’5” |
| Building Class | C | No. Dock-High Doors/Loading | 6 |
| Lot Size | 3.05 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | RI | ||
| Price | $10,990,000 |
| Price Per SF | $274.75 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.05 AC |
| Rentable Building Area | 40,000 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 1.5/1,000 SF |
| Clear Ceiling Height | 17’5” |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | RI |
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Ryleco Display
- Wholesaler
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Ryleco Display | Wholesaler | - | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 05-00412-01-00016-01 | Improvements Assessment | $1,150,200 |
| Land Assessment | $424,800 | Total Assessment | $1,575,000 |
Property Taxes
Parcel Number
05-00412-01-00016-01
Land Assessment
$424,800
Improvements Assessment
$1,150,200
Total Assessment
$1,575,000
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39 Progress St
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