Industrial Truck
For Sale
Contact for pricing
14-28 Mitchell Pl, Newark, NJ 07114
Industrial truck terminal offered for sale with 14,000 sq ft designed for distribution and operational needs.
Property Size14,000 SF
Price / SF$257.14
Days on Market59
Property Features for 14-28 Mitchell Pl
General Information
Standard status
Active
Size
14,000 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
Absolute NNN
Investment Type
Net Lease
Net Operating Income
$247,200
Building Details
Year Renovated
2021
Tenancy
Single
Listing Agency:
Nexus Realty Advisors
Listed By:
Michael Fromowitz · License #NY 10991241805
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 8 at 7:08AM
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 Nexus Realty Advisors
Investment Insights
Based on property information with market context.
This for-sale industrial truck terminal provides approximately 14,000 sq ft of commercial space suited to logistics, distribution, and other operating uses that benefit from dedicated industrial functions. The offering is presented as an industrial property with a truck terminal focus, providing a straightforward setup for buyers seeking an operations-oriented asset.
The property is located at 14-28 Mitchell Pl in Newark, New Jersey (07114). Its urban industrial setting supports day-to-day access for transportation-related activity and helps position the facility within a wider network of regional commercial operations.
For tenants and owner-operators, an industrial truck terminal format can align well with requirements for freight handling and operational workflow within an industrial building footprint. This is a practical option for buyers evaluating a dedicated industrial space for logistics and related uses, where the terminal-oriented property type is central to the operating model. Please request additional details for information on configuration, site features, and any specific improvements, as those are not included in the summary provided.
The property is located at 14-28 Mitchell Pl in Newark, New Jersey (07114). Its urban industrial setting supports day-to-day access for transportation-related activity and helps position the facility within a wider network of regional commercial operations.
For tenants and owner-operators, an industrial truck terminal format can align well with requirements for freight handling and operational workflow within an industrial building footprint. This is a practical option for buyers evaluating a dedicated industrial space for logistics and related uses, where the terminal-oriented property type is central to the operating model. Please request additional details for information on configuration, site features, and any specific improvements, as those are not included in the summary provided.
Key Highlights
- Industrial truck terminal for sale
- 14,000 sq ft industrial facility designed for distribution and operational needs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$174,873
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,497,460
$3.5M
Cap Rate 7%
$2,498,186
$2.5M
Cap Rate 9%
$1,943,033
$1.9M
Market Conditions
NOI Build-Up for 14,000 SF
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.
Gross rent
$218.4K $15.60/SF
− Vacancy
−$12.7K −$0.90/SF
EGI
$205.7K $14.70/SF
− OpEx
−$30.9K −$2.20/SF
NOI
$174.9K $12.49/SF
Area
Newark, NJ
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,497,460
Cap Rate 7%
$2,498,186
Cap Rate 9%
$1,943,033
Alternative Uses
Best Use
Warehouse
$2.50M
$2.19M – $2.91M
NOI $174,873 @ 7.0% cap · market cap 4.86%
Second Best
Industrial
$2.06M
$1.80M – $2.40M
NOI $144,013 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$4.96M
$4.34M – $5.79M
NOI $347,229 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Explore this area
Business Placement
Demographics for 07114, NJ
17,767
Population
4,694
Households
3.8
Avg Household Size
39
Median Age
9%
College-Educated
69%
High-School Grad
7.9 sq mi
ZIP Area
2,249
Density / Sq Mi
$34,167
Median Household Income
$35,916
Median Earnings
$616
Median Rent
$384,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Truck terminal - Industrial truck terminal offered for sale with 14,000 sq ft designed for distribution and operational needs.
Where is this truck terminal located?
The property is located at 14-28 Mitchell Pl Newark, NJ.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Industrial truck terminal for sale; 14,000 sq ft industrial facility designed for distribution and operational needs
