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Industrial Warehouse with Fenced Yard

85 Sassafras St, Paterson, NJ 07524

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For Sale

$1,100,000

4,500 SF industrial warehouse with 3,000 SF fenced yard.

Type:Commercial/Industrial

Property size:

4,500 SF

Lot size:

0.17 Acres

Price / SF:

$244/SF

HighLights

4,500sf Industrial/Warehouse Space ready for your business.
Benefit from a 3,000 sf Fenced Yard/Parking Lot.
Delivered Vacant, offering immediate occupancy.
Features Central AC and Forced Hot Air.
12' Ceiling Clearance.
Original Use: Industrial/Warehouse.

We can help!

Contact an agent

MICHAEL N TODARO

For Sale

$1,100,000

4,500 SF industrial warehouse with 3,000 SF fenced yard.

Type:Commercial/Industrial

Property size:

4,500 SF

Lot size:

0.17 Acres

Price / SF:

$244/SF

Added:: Dec 4, 2024
Days on Market:: 580
Last Refresh:: Apr 6 at 12:22 am

Property Features for 85 Sassafras St

General Information

Standard status: Active
Size: 4,500 SF
Lot size: 0.17 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1960

We can help!

Contact an agent

MICHAEL N TODARO

Listing office MICHAEL PROPERTIES - GOLDEN IMAGE

Listing date Dec 4, 2024

Source Exitrealty

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 MICHAEL PROPERTIES - GOLDEN IMAGE

HighLights

4,500sf Industrial/Warehouse Space ready for your business.
Benefit from a 3,000 sf Fenced Yard/Parking Lot.
Delivered Vacant, offering immediate occupancy.
Features Central AC and Forced Hot Air.
12' Ceiling Clearance.
Original Use: Industrial/Warehouse.

Overview

This 4,500 square foot industrial warehouse, originally designed for warehouse use, is available for sale. The property includes a 3,000 square foot fenced yard and parking lot. The loading doors have been closed off. The building features central air conditioning and forced hot air. The ceiling height provides 12 feet of clearance. The property will be delivered vacant and is currently designated for special use.

Local Financial Insights For Warehouse

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$77.8k	$17.28
− Vacancy	−$4.7k	−$1.04
EGI	$73.1k	$16.24
− OpEx	−$11.0k	−$2.44
NOI	$62.1k	$13.81

4,500 SF · lease $17.28/SF/yr · vacancy 6.00% · expense 15.00%

Alternative Uses

Best Use

Warehouse

$887.6K

$776.6K – $1.04M (±1% cap)

NOI $62,130 @ 7.0% cap · market cap 5.65%

Second Best

Industrial

$730.9K

$639.6K – $852.8K (±1% cap)

NOI $51,166 @ 7.0% cap · market cap 4.65%

Theoretical Best

Office A

$1.18M

$1.03M – $1.37M (±1% cap)

NOI $82,253 @ 7.0% cap · market cap 7.48%

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

Property Profile Location Intelligence

Current Use by Public Records

Church of Pentecost U.S.A ... Church

Suggested Use

Similar Places Nearby

Safeguard Self Storage — 66 Goffle Rd, Hawthorne, NJ 07506
FNA — 175 E 15th St, Paterson, NJ 07524
CubeSmart Self Storage — 200 Wagaraw Rd, Hawthorne, NJ 07506
FPF Warehouse and Distribution Center LLC — 113-115 Madison Ave, Paterson, NJ 07524
Dynamic Dynasty Moving — 85 Wagaraw Rd, Hawthorne, NJ 07506

Location Insight

Map
Local Demand

City: Paterson
County: Passaic
State: New Jersey
Longitude: -74.1552
Latitude: 40.9303

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For sale
Warehouses
NJ
Paterson
07524
85 Sassafras St

What type of property is this?

Warehouse - 4,500 SF industrial warehouse with 3,000 SF fenced yard.

Where is this warehouse located?

The property is located at 85 Sassafras St Paterson, NJ.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: 4,500sf Industrial/Warehouse Space ready for your business.; Benefit from a 3,000 sf Fenced Yard/Parking Lot.; Delivered Vacant, offering immediate occupancy.

85 Sassafras St, Paterson, NJ 07524

4,500 SF industrial warehouse with 3,000 SF fenced yard.

Property Features for 85 Sassafras St

General Information

Building Details

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

Mixed-Use 6-Unit Property

Three-Family Income Property

Two-Unit Residential Income Property

Updated 4-Unit Mixed-Use Building

Three-Family Residential with Walk-Out

Industrial Yard with Office Space

Three-Family Under/Over Rebuilt Property

Secured Industrial Yard with Office

Corner Lot Multifamily with Bonus Basement

Renovated Triplex with Backyard

Two-Family Home with Off-Street Parking

Three-Family Home with Vacant Units

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