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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. Additionally this site has access from Rail with it's own switch that is active via NJ Transit in coordination with Norfolk Southern. 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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