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700 Pennsylvania Ave 16,577 SF 100% Leased Industrial Building Lyndhurst, NJ 07071 $5,495,000 ($331.48/SF) 4.14% Cap Rate
Investment Highlights
- Located in Lyndhurst’s industrial corridor with convenient access to major highways, including the New Jersey Turnpike and Route 3.
- Features a single-story industrial building constructed in 1956, providing a functional layout for various operational needs.
- Positioned within close proximity to the Meadowlands Sports Complex and Newark Liberty International Airport, supporting logistics/distribution ops.
- Situated in Bergen County, a well-established business hub with strong transportation infrastructure and access to a skilled labor force.
Executive Summary
The building on this site is currently occupied by 3 demised commercial tenants. All leases terminate on 9/30/26. Total annualized rent is currently $227,556 with a cap rate of 4.14%. While the cap rate is low, this is an extremely rare property in Lyndhurst, NJ and probably best used by an end user or a developer to convert to residential housing. Such a change in zoning would be welcome by the community and should be easily achieved. Interested parties should contact Richard Leal, at 973-809-9426, the Skylemar Inc. representative for access to the building. Realtors are welcome and protected pending an agreed to and valid purchase price.
Property Facts
| Price | $5,495,000 | Lot Size | 1.21 AC |
| Price Per SF | $331.48 | Rentable Building Area | 16,577 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 4.14% | Year Built | 1956 |
| Sale Condition | Redevelopment Project | Parking Ratio | 3.02/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 4 |
| Building Class | B | ||
| Zoning | S-1 - Moderate Storage | ||
| Price | $5,495,000 |
| Price Per SF | $331.48 |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.14% |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 1.21 AC |
| Rentable Building Area | 16,577 SF |
| No. Stories | 1 |
| Year Built | 1956 |
| Parking Ratio | 3.02/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 4 |
| Zoning | S-1 - Moderate Storage |
Utilities
- Heating - Gas
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 32-00103-0000-00001 | Improvements Assessment | $1,161,700 |
| Land Assessment | $1,240,700 | Total Assessment | $2,402,400 |
Property Taxes
Parcel Number
32-00103-0000-00001
Land Assessment
$1,240,700
Improvements Assessment
$1,161,700
Total Assessment
$2,402,400
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Presented by
Astor Realty
700 Pennsylvania Ave
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