Single-Tenant Outdoor Storage
195 Leonardville Road Belford, NJ 07718
195 Leonardville Road, Belford, NJ, 07718
Contact for pricing
For Sale
Contact for pricing
Fee-simple sale of a single-tenant outdoor storage facility with an NN lease and 6.6 years remaining term.
Property Size16,337 SF
Lot Size4.85 Acres
Price / SF$342.96
Days on Market84
Property Features for 195 Leonardville Road
General Information
- Standard status
- Active
- Size
- 16,337 SF
- Lot size
- 4.85 Acres
- Property subtype
- Industrial, Land, Special Purpose
Building Details
- Year Built
- 1962
Listing agency
JLL - New York City, New York
Listed by
Nick Stefans · License #1539584
Source
Crexi
Added: Apr 29 Updated: Jul 20 at 4:39PM Checked: Jul 21 at 1:31PM
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 JLL - New York City, New York
Investment Insights
Based on property information with market context.
JLL is pleased to exclusively offer for sale the fee-simple interest in the single-tenant SRS Distribution industrial outdoor storage site. The property is leased to the operating tenant under an NN lease structure with approximately 6.6 years of remaining term and 3.75% annual rental escalations.
The asset includes 4.85 acres of industrial outdoor storage (IOS) with low site coverage of approximately 7.8%.
Located at 195 Leonardville Road in Belford, NJ (Middletown Township), the property offers an outdoor storage-focused configuration designed to support industrial yard operations within a single-tenant arrangement.
The asset includes 4.85 acres of industrial outdoor storage (IOS) with low site coverage of approximately 7.8%.
Located at 195 Leonardville Road in Belford, NJ (Middletown Township), the property offers an outdoor storage-focused configuration designed to support industrial yard operations within a single-tenant arrangement.
Key Highlights
- Fee‑simple sale of a single‑tenant SRS Distribution outdoor storage (IOS) property at 195 Leonardville, Belford, NJ
- NN lease in place with 6.6 years remaining term (per short description) and 19.6 years remaining term (per remarks)
- 3.75% annual rental escalations under the lease
Local 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 | $235.3k | $14.40 |
| − Vacancy | −$11.5k | −$0.71 |
| EGI | $223.7k | $13.69 |
| − OpEx | −$33.6k | −$2.05 |
| NOI | $190.2k | $11.64 |
16,337 SF · lease $14.40/SF/yr · vacancy 4.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.72M
$2.38M – $3.17M
NOI $190,167 @ 7.0% cap · market cap 3.39%
Second Best
Industrial
$2.24M
$1.96M – $2.61M
NOI $156,608 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$4.27M
$3.73M – $4.98M
NOI $298,614 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Distribution centers
Similar For Sale Nearby
FAQs
What type of property is this?
Distribution center - Fee-simple sale of a single-tenant outdoor storage facility with an NN lease and 6.6 years remaining term.
Where is this distribution center located?
The property is located at 195 Leonardville Road Belford, NJ.
What is the asking price?
The asking price for this property is $5,603,000.
What are key features of this property?
This property features: Fee‑simple sale of a single‑tenant SRS Distribution outdoor storage (IOS) property at 195 Leonardville, Belford, NJ; NN lease in place with 6.6 years remaining term (per short description) and 19.6 years remaining term (per remarks); 3.75% annual rental escalations under the lease
