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INVESTMENT HIGHLIGHTS
- Luxury showroom/industrial property on 3.7 acres, ideal for a film studio or woodworking plant, just five minutes from Newark Airport.
- Key features include 30-foot ceilings, six loading docks, two drive-in doors, an EV charging station, heavy power, and extensive security measures.
EXECUTIVE SUMMARY
480 Mundet Place is a luxury retail/industrial building on 3.7 acres. It is the finest building in the Tri-State area, with the facility's interior and exterior in immaculate condition.
The building is in compliance with the New Jersey Economic Development Authority’s Green Building Standards regarding the use of renewable energy, energy-efficient technology, and non-renewable resources in order to reduce environmental degradation and encourage long-term cost reduction. Energy efficient heating and cooling systems, thermal insulation, and high energy efficient lighting are installed. Newark International Airport is five minutes away, Port Newark is 10 minutes away, and Manhattan is 25 minutes away. The Teterboro Airport (TEB) is 25 minutes away, and Morristown Municipal Airport (KMMU) is 12 minutes away. Hillside, New Jersey, is a congestion-free industrial zone. There is no traffic, and it is a beautiful site. Driving customers will avoid four hours of traffic, compared with going in and out of Brooklyn and Queens.
Perfect for art dealers, luxury car showrooms or rentals, film production studios, distribution, farming, manufacturing, and especially woodworking plants, with a built-in 30-foot long heated positive pressure spray booth, full metal shop, full upholstery shop, and photography studio. The building is dry and is not in a flood zone.
Heavy 3-phase power at 120V, 220V, and 440V is distributed copiously throughout the building. Air and natural gas (both high-pressure and low-pressure) are also distributed throughout. The property is fully sprinkled, fully fenced, and fully alarmed with interior and exterior security cameras and perimeter lighting. 480 Mundet Place has six loading docks and two drive-in doors.
The 68,500-square-foot existing building includes a 10,000-square-foot addition currently in the permitting phase. This additional 10,000 square feet can be customized to suit buyer needs. The roof is under warranty through July 2032. New HVAC systems, windows, paint, and lighting are also included. The building must be seen in person and available for viewing by appointment only. No walk-in visits are allowed.
The building is in compliance with the New Jersey Economic Development Authority’s Green Building Standards regarding the use of renewable energy, energy-efficient technology, and non-renewable resources in order to reduce environmental degradation and encourage long-term cost reduction. Energy efficient heating and cooling systems, thermal insulation, and high energy efficient lighting are installed. Newark International Airport is five minutes away, Port Newark is 10 minutes away, and Manhattan is 25 minutes away. The Teterboro Airport (TEB) is 25 minutes away, and Morristown Municipal Airport (KMMU) is 12 minutes away. Hillside, New Jersey, is a congestion-free industrial zone. There is no traffic, and it is a beautiful site. Driving customers will avoid four hours of traffic, compared with going in and out of Brooklyn and Queens.
Perfect for art dealers, luxury car showrooms or rentals, film production studios, distribution, farming, manufacturing, and especially woodworking plants, with a built-in 30-foot long heated positive pressure spray booth, full metal shop, full upholstery shop, and photography studio. The building is dry and is not in a flood zone.
Heavy 3-phase power at 120V, 220V, and 440V is distributed copiously throughout the building. Air and natural gas (both high-pressure and low-pressure) are also distributed throughout. The property is fully sprinkled, fully fenced, and fully alarmed with interior and exterior security cameras and perimeter lighting. 480 Mundet Place has six loading docks and two drive-in doors.
The 68,500-square-foot existing building includes a 10,000-square-foot addition currently in the permitting phase. This additional 10,000 square feet can be customized to suit buyer needs. The roof is under warranty through July 2032. New HVAC systems, windows, paint, and lighting are also included. The building must be seen in person and available for viewing by appointment only. No walk-in visits are allowed.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$1,713,550
|
$25.00
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$1,713,550
|
$25.00
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $1,713,550 |
| Annual Per SF | $25.00 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $1,713,550 |
| Annual Per SF | $25.00 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Atrium
- Conferencing Facility
- Fenced Lot
- Fitness Center
- Front Loading
- Mezzanine
- Restaurant
- Security System
- Signage
- Skylights
- Yard
- Accent Lighting
- Energy Performance Rating - A
- Reception
- Storage Space
- Car Charging Station
- Recessed Lighting
- Fluorescent Lighting
- Air Conditioning
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Pollaro
- Manufacturing
- 68,542 SF
- -
- Sep 2025
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Pollaro | Manufacturing | 68,542 SF | - | Sep 2025 |
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 07-00605-0000-00011 | Improvements Assessment | $757,600 |
| Land Assessment | $666,000 | Total Assessment | $1,423,600 |
PROPERTY TAXES
Parcel Number
07-00605-0000-00011
Land Assessment
$666,000
Improvements Assessment
$757,600
Total Assessment
$1,423,600
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480 Mundet Pl
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