360 Florence Ave - Office FOR SALE


Hillside, NJ 07205
$8,800,000 USD
201-259-7167
360 Florence Ave, Hillside, NJ for Sale
$8,800,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

360 Florence Ave
Hillside, NJ 07205


HIGHLIGHTS

  • Easy access highways
  • Close to Port Newark

OVERVIEW

Excellent Investment Opportunity with Value Add. 5 acres total. 2 office buildings and a garage/warehouse. Tenants renewed leases for 5 years during summer 2024. BrightView Holdings in a publicly traded company and leases out the warehouse space and 5000 sq ft of office space. NJ Labs leases out another 5000 sq ft of office space. The final 5000 sq ft is divided into a "Work Space" area. As is the property generates $51,500 per month. There is 1.5 acres of grass area that has potential to be paved and used as parking/outdoor storage. Potential for an extra $20,000-$30,000 per month as IOS.

FOR SALE DETAILS

PRICE

$8,800,000 USD

PRICE/SF

$880 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

360 Florence

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

LI

APN/PARCEL ID

07-00604-0000-00027

ASK ABOUT THIS PROPERTY

John MarzanoLogistics Real Estate ServicesMore Info
201-259-7167

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John MarzanoLogistics Real Estate ServicesMore Info
201-259-7167

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