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46 Farrand St 75,000 SF 100% Leased Industrial Building Bloomfield, NJ 07003 $10,200,000 ($136/SF) 5.88% Cap Rate
Investment Highlights
- Ideal for manufacturing, warehousing or distribution
- Located in Bloomfield Rdevelopment zone attached ordiance
- close to all major highways.
- Easy access to major highways
- tenants can stay for 2 years paying $600,000 Triple net or can be delivered vacant.
Executive Summary
The subject property represents a three-story multi-level industrial building comprising a total of approximately 75,872 square feet of gross building area. The improvements feature 10-16’ ceiling heights, with a freight elevator, and three overhead dock doors. There are also 65 parking spaces. The grade and 3rd levels generally consist of warehouse/industrial space, while the 2nd floor (approximately 33% of GBA) offers office/storage area. The improvements were constructed in 1947.
The facility is fully net leased to a single tenant, SOLID STATE, INC. and N.T.E. ELECTRONICS. The current lease commenced on January 1, 2022 and was for a ten-year term.
The overall site comprises a total approximately 2.08 acre lot. The site is located along Farrand Street in Bloomfield Township (Essex County) in the State of NJ. It is also worth noting that a small portion of the northern portion of the site is located within the Borough of Glen Ridge.
The facility is fully net leased to a single tenant, SOLID STATE, INC. and N.T.E. ELECTRONICS. The current lease commenced on January 1, 2022 and was for a ten-year term.
The overall site comprises a total approximately 2.08 acre lot. The site is located along Farrand Street in Bloomfield Township (Essex County) in the State of NJ. It is also worth noting that a small portion of the northern portion of the site is located within the Borough of Glen Ridge.
Property Facts
Utilities
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating - Gas
Walk Score®
Walker's Paradise (93)
Property Taxes
| Parcel Number | 02-00225-0000-00015 | Improvements Assessment | $2,449,100 |
| Land Assessment | $775,400 | Total Assessment | $3,224,500 |
Property Taxes
Parcel Number
02-00225-0000-00015
Land Assessment
$775,400
Improvements Assessment
$2,449,100
Total Assessment
$3,224,500
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46 Farrand St
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