848-244-8257
310-316 Colfax Ave, Clifton, NJ for Sale
Warehouse - FOR SALE
1/24
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310-316 Colfax Ave
Clifton, NJ 07013
Athenia


HIGHLIGHTS

  • 310-316 Colfax Avenue offers investors a profitable opportunity to acquire three industrial buildings on 3.3 acres in Clifton, New Jersey.
  • Fully leased, this 10-unit industrial facility provides a secure investment with a sizable revenue stream and future upside.
  • Take advantage of the property’s supplemental income collected from leasing the excess 1.5 acres of truck parking and outdoor storage.
  • Situated near the Garden State Parkway, an essential artery facilitating access and logistics for businesses dependent on efficient transportation.
  • Tenants benefit from the location’s superior connectivity to other major routes, including Route 80 (2.8 miles) and the NJ Turnpike (8.2 miles).
  • 310-316 Colfax Avenue sits in a strong industrial submarket that exhibits historically low vacancy rates and steady leasing activity.

OVERVIEW

Established in the dense suburban city of Clifton, New Jersey, 310-316 Colfax Avenue introduces a rare opportunity to invest in a prime industrial location with a 100% leased, multi-tenant asset. This expansive facility spans 35,169 square feet across three buildings on 3.3 acres zoned in the M-1 Light Industrial District. Equipped with ample truck parking and outdoor storage space, the property offers diverse revenue opportunities. New ownership will enjoy minimal landlord responsibilities as tenants are on modified gross leases. The landlord covers the property taxes and insurance while the tenants pay their own utilities and maintenance. Clifton is a small city in New Jersey’s northern neck, approximately 25 minutes from Newark and 30 minutes from New York City. The suburban locale is quintessential for industrial users, providing unrivaled access throughout the northeast via nearby Interstates 80, 95, 78, 278, and 287. Located in the Route 3/GSP Industrial Submarket, 310-316 Colfax Avenue is perfectly positioned to benefit from strong market trends. The submarket currently has a vacancy rate of 4.6%, which has been holding steady over the past year, well below the market average. Market rents in the industrial sector are $ 14.60 per square foot, posting an annual rent growth of 2.5%. Investor interest in the area is rising as businesses look to relocate to this affordable and accessible suburban destination. With limited comparable inventory available on the market, 310-316 Colfax Avenue presents investors with a rare opportunity to acquire a valuable industrial complex.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.3

LAND SF

143,748

ZONING

M-1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Rudolph DaunnoDaunno CommercialMore Info
848-244-8257

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Rudolph DaunnoDaunno CommercialMore Info
848-244-8257

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.