Industrial Warehouse Near Transportation
169-193 E Highland Pkwy Roselle, NJ
For Sale
Contact for pricing
24,500 SF industrial building with convenient access to major routes.
Property Size24,800 SF
Lot Size0.75 Acres
Price / SF$246.98
Days on Market1012
Property Features for 169-193 E Highland Pkwy
General Information
- Standard status
- Active
- Size
- 24,800 SF
- Lot size
- 0.75 Acres
- Property subtype
- INDUSTRIAL
Listing Agency:
Bussell Realty Corp
(908) 255-3141
Listed By:
Steve Jaynes
(908) 255-3141
Source:
Moodyscre
Added: Oct 16, 2023
Changed: Jul 10
Last Checked: Jul 22 at 4:10AM
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 Bussell Realty Corp
Investment Insights
Based on property information with market context.
This 24,500 square foot industrial building is zoned for industrial use and features three drive-in loading bays. The building has a ceiling height of 17 feet and is equipped with 200 amps of power and gas heating. Its location provides convenient access to Route 1-9, the New Jersey Turnpike, the Garden State Parkway, the Goethals Bridge, Port Newark Elizabeth, and Newark Liberty Airport.
Key Highlights
- Excellent Location: Close to major transportation arteries including Route 1‑9, NJ Turnpike, Garden State Parkway, Goethals Bridge, Port Newark Elizabeth & Newark Liberty Airport.
- Substantial Size: Features a total building area of 24,500 sf.
- Industrial Zoning: Suitable for various industrial activities.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $422.6k | $17.04 |
| − Vacancy | −$24.9k | −$1.01 |
| EGI | $397.7k | $16.03 |
| − OpEx | −$59.6k | −$2.41 |
| NOI | $338.0k | $13.63 |
24,800 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.83M
$4.23M – $5.63M
NOI $338,010 @ 7.0% cap · market cap 5.52%
Second Best
Industrial
$3.98M
$3.48M – $4.64M
NOI $278,361 @ 7.0% cap · market cap 4.54%
Theoretical Best
Office A
$6.48M
$5.67M – $7.56M
NOI $453,304 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Linden & Roselle Self Storage — 916 E Elizabeth Ave, Linden, NJ 07036
- Toledo Enterprise's & Consulting — 1401 Lincoln St, Linden, NJ 07036
FAQs
What type of property is this?
Warehouse - 24,500 SF industrial building with convenient access to major routes.
Where is this warehouse located?
The property is located at 169-193 E Highland Pkwy Roselle, NJ.
What is the asking price?
The asking price for this property is $6,125,000.
What are key features of this property?
This property features: Excellent Location: Close to major transportation arteries including Route 1‑9, NJ Turnpike, Garden State Parkway, Goethals Bridge, Port Newark Elizabeth & Newark Liberty Airport.; Substantial Size: Features a total building area of 24,500 sf.; Industrial Zoning: Suitable for various industrial activities.
