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480 Mundet Pl 68,542 SF Industrial Building Hillside, NJ 07205 $26,045,960 ($380/SF)

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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.

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

Price $26,045,960
Price Per SF $380
Sale Type Investment or Owner User
Sale Condition Bulk/Portfolio Sale
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
  • OfficeLoft Creative Space
Building Class C
Lot Size 3.70 AC
Rentable Building Area 68,542 SF
No. Stories 2
Year Built/Renovated 1969/2025
Tenancy Single
Parking Ratio 1.9/1,000 SF
Clear Ceiling Height 17’6”
No. Dock-High Doors/Loading 6
No. Drive In / Grade-Level Doors 2
Zoning HI - Industrial

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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-00605-0000-00011
Land Assessment
$666,000
Improvements Assessment
$757,600
Total Assessment
$1,423,600
  • Listing ID: 37271065

  • Date on Market: 2/1/2023

  • Last Updated:

  • Address: 480 Mundet Pl, Hillside, NJ 07205

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