Refrigerated Warehouse Space Available

1161 E Broad St, Elizabeth, NJ

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For Sale

Contact for pricing

30,000 SF industrial building with refrigerated and processing areas.

Type:INDUSTRIAL

Property size:

30,000 SF

Lot size:

0.55 Acres

Price / SF:

$225/SF

HighLights

±30,000 SF Total Building Size
Benefit from ±4,000 SF of Refrigerated Space, plus ±3,050 SF Blast Freezer
Includes ±7,000 SF Processing Area
1,200 Amps 480/277 Volts Power
Features 3 Interior Loading Docks and 3 Drive‑Ins
Offers ±4,000 SF of Office Space

We can help!

Listing Contact

Jason M. Crimmins

Learn more

For Sale

Contact for pricing

30,000 SF industrial building with refrigerated and processing areas.

Type:INDUSTRIAL

Property size:

30,000 SF

Lot size:

0.55 Acres

Price / SF:

$225/SF

Added:: May 16, 2024
Days on Market:: 761
Last Refresh:: May 19 at 9:10 pm

Property Features for 1161 E Broad St

General Information

Standard status: Active
Size: 30,000 SF
Lot size: 0.55 Acres
Property subtype: INDUSTRIAL

Properties For Sale

at 1161 E Broad St Contact us

We can help!

Listing Contact

Jason M. Crimmins

Listing agent Jason M. Crimmins License #0341793

Listing office The Blau & Berg Company

Listing date May 16, 2024

Source Moodyscre

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

HighLights

±30,000 SF Total Building Size
Benefit from ±4,000 SF of Refrigerated Space, plus ±3,050 SF Blast Freezer
Includes ±7,000 SF Processing Area
1,200 Amps 480/277 Volts Power
Features 3 Interior Loading Docks and 3 Drive‑Ins
Offers ±4,000 SF of Office Space

Overview

This industrial property features a total building size of approximately 30,000 square feet. The property includes roughly 4,000 square feet of refrigerated space and a 3,050 square foot blast freezer. There is also an estimated 7,000 square feet dedicated to processing, 9,710 square feet of dry space, and 4,000 square feet of office space. The loading area measures approximately 2,240 square feet with a depth of 56 feet. The building is equipped with 1,200 amps of 480/277 volts power. It also features 3 interior loading docks and 3 drive-in doors, with ceiling heights ranging from 12 to 14 feet. Additional amenities include full locker rooms and a cafeteria. Holding freezers can be converted into coolers, if necessary. The property taxes for 2023 were $101,833.20.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$511.2k	$17.04
− Vacancy	−$29.6k	−$0.99
EGI	$481.6k	$16.05
− OpEx	−$72.2k	−$2.41
NOI	$409.3k	$13.64

30,000 SF · lease $17.04/SF/yr · vacancy 5.80% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$5.85M

$5.12M – $6.82M (±1% cap)

NOI $409,318 @ 7.0% cap · market cap 6.06%

Second Best

Industrial

$4.82M

$4.21M – $5.62M (±1% cap)

NOI $337,085 @ 7.0% cap · market cap 4.99%

Theoretical Best

Office A

$11.11M

$9.72M – $12.96M (±1% cap)

NOI $777,830 @ 7.0% cap · market cap 11.52%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Xpeditr Storage Facility Superior Cold Storage Storage Facility

Suggested Use

Similar Places Nearby

Safeguard Self Storage — 140 Spring St, Elizabeth, NJ 07201
Storage vitaflex — 140 spring st, elizabeth, nj 07202
R & B — 216 Dehart Pl, Elizabeth, NJ 07202, United States
Cubing Riri — Dickinson St, Elizabeth, NJ 07201
matthews moving — 1089 Elizabeth Ave, Elizabeth, NJ 07201

Location Insight

Map
Local Demand

City: Elizabeth
County: Union
State: New Jersey
Longitude: -74.2119
Latitude: 40.6688

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For sale
Warehouses
NJ
Elizabeth
1161 E Broad St

What type of property is this?

Warehouse - 30,000 SF industrial building with refrigerated and processing areas.

Where is this warehouse located?

The property is located at 1161 E Broad St Elizabeth, NJ.

What is the asking price?

The asking price for this property is $6,750,000.

What are key features of this property?

This property features: ±30,000 SF Total Building Size; Benefit from ±4,000 SF of Refrigerated Space, plus ±3,050 SF Blast Freezer; Includes ±7,000 SF Processing Area

1161 E Broad St, Elizabeth, NJ

30,000 SF industrial building with refrigerated and processing areas.

Property Features for 1161 E Broad St

General Information

Properties For Sale

We can help!

HighLights

Overview

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Established Restaurant and Lounge Business

Mixed-Use Commercial and Residential Building

Mixed-Use Corner Property For Sale

Mixed-Use Investment Opportunity in Elizabeth

Renovated Mixed-Use Building in Elizabeth

Multi-Family Home in Elizabeth City

Mixed-Use Investment Opportunity

Mixed-Use Property with Restaurant Income

Custom-Built Multifamily Near Kean University

Turnkey Bar and Restaurant Opportunity

Mixed-Use Property with Auto Shop

Mixed-Use Property on Elmora Avenue

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