Industrial Opportunity in
For Sale
Contact for pricing
117 South 20th St, Irvington, NJ 07111
85,000 SF industrial property available for sale or lease.
Property Size85,000 SF
Price / SF$198
Days on Market221
Property Features for 117 South 20th St
General Information
Standard status
Active
Size
85,000 SF
Property subtype
Industrial
Zoning
M-3 Industrial
Lease Type
NNN
Building Details
Tenancy
Multi
Listing Agency:
The Blau & Berg Company
Listed By:
Alessandro Conte · License #NJ 0341793
(973) 379-6644
Source:
Crexi
Added: Feb 27
Changed: Oct 3
Last Checked: Oct 5 at 6:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Blau & Berg Company
Investment Insights
Based on property information with market context.
An industrial property offering approximately 85,000 square feet is available for sale or lease. The property is located in Irvington, New Jersey.
Key Highlights
- ±85,000 SF of industrial space available.
- Property is available for sale or lease.
- Industrial opportunity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$974,010
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,480,200
$19.5M
Cap Rate 7%
$13,914,429
$13.9M
Cap Rate 9%
$10,822,333
$10.8M
Market Conditions
NOI Build-Up for 85,000 SF
Gross rent
$1.50M $17.64/SF
− Vacancy
−$108.0K −$1.27/SF
EGI
$1.39M $16.37/SF
− OpEx
−$417.4K −$4.91/SF
NOI
$974.0K $11.46/SF
Area
Essex County, NJ
Vacancy
7.20%
Lease Rate
$17.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$19,480,200
Cap Rate 7%
$13,914,429
Cap Rate 9%
$10,822,333
Alternative Uses
Best Use
Industrial
$13.91M
$12.18M – $16.23M
NOI $974,010 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$22.20M
$19.42M – $25.89M
NOI $1,553,664 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,870
Businesses Nearby
Explore this area
Business Placement
Demographics for 07111, NJ
61,176
Population
24,176
Households
2.5
Avg Household Size
36
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
21,095
Density / Sq Mi
$59,232
Median Household Income
$37,640
Median Earnings
$1,324
Median Rent
$291,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 85,000 SF industrial property available for sale or lease.
Where is this industrial property located?
The property is located at 117 South 20th St Irvington, NJ.
What is the asking price?
The asking price for this property is $16,830,000.
What are key features of this property?
This property features: ±85,000 SF of industrial space available.; Property is available for sale or lease.; Industrial opportunity.
