Three-Story Industrial Office
50 Farrand St Bloomfield, NJ 07003
50 Farrand St, Bloomfield, NJ, 07003
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For Sale
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Three-story industrial building with freight elevator, overhead dock doors, and 65 parking spaces on a 2.08-acre site.
Property Size75,872 SF
Lot Size2.08 Acres
Price / SF$134.44
Days on Market216
Property Features for 50 Farrand St
General Information
- Standard status
- Active
- Size
- 75,872 SF
- Lot size
- 2.08 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Century 21 - Semiao and Associates | Lyndhurst
(201) 892-9933
Listed by
Maggie Abdo-Manno
(201) 892-9933
Source
Moodyscre
Added: Dec 17, 2025 Updated: Jul 21 at 5:55AM Checked: Jul 21 at 5:55AM
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 Century 21 - Semiao and Associates | Lyndhurst
Investment Insights
Based on property information with market context.
This three-story, multi-level industrial building provides approximately 75,872 square feet of gross building area. Improvements include 10–16' ceiling heights, a freight elevator, and three overhead dock doors. The grade level and third level are generally warehouse/industrial space, while the second floor (about 33% of the GBA) includes office/storage area. Constructed in 1947, the property also includes 65 parking spaces.
The site is located along Farrand Street in Bloomfield Township in Essex County, New Jersey, and a small portion of the northern part of the site lies within the Borough of Glen Ridge. The property is identified as being in a redevelopment area.
The facility is fully net leased to a single tenant, SOLID STATE, INC. and N.T.E. ELECTRONICS. The current lease commenced January 1, 2022 and is stated to be for a ten-year term.
The site is located along Farrand Street in Bloomfield Township in Essex County, New Jersey, and a small portion of the northern part of the site lies within the Borough of Glen Ridge. The property is identified as being in a redevelopment area.
The facility is fully net leased to a single tenant, SOLID STATE, INC. and N.T.E. ELECTRONICS. The current lease commenced January 1, 2022 and is stated to be for a ten-year term.
Key Highlights
- ~75,872 SF three‑story industrial building with grade, 2nd, and 3rd‑level warehouse/industrial space plus office/storage
- 10‑16' ceiling heights, plus freight elevator and three overhead dock doors
- 2nd floor is approximately 33% of GBA for office/storage area
Local Financial Insights For Industrial
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 | $1.34M | $17.64 |
| − Vacancy | −$96.4k | −$1.27 |
| EGI | $1.24M | $16.37 |
| − OpEx | −$372.6k | −$4.91 |
| NOI | $869.4k | $11.46 |
75,872 SF · lease $17.64/SF/yr · vacancy 7.20% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$17.25M
$15.09M – $20.12M
NOI $1,207,157 @ 7.0% cap · market cap 11.83%
Second Best
Office B
$16.58M
$14.51M – $19.35M
NOI $1,160,842 @ 7.0% cap · market cap 11.38%
Theoretical Best
Office A
$19.81M
$17.34M – $23.11M
NOI $1,386,819 @ 7.0% cap · market cap 13.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Solid State Mfg.
Industrial Manufacturer
Similar For Sale Nearby
Similar Off Market Nearby
- Minias Bloomfield — 419 Bloomfield Ave, Bloomfield, NJ 07003
FAQs
What type of property is this?
Flex space - Three-story industrial building with freight elevator, overhead dock doors, and 65 parking spaces on a 2.08-acre site.
Where is this flex space located?
The property is located at 50 Farrand St Bloomfield, NJ.
What is the asking price?
The asking price for this property is $10,200,000.
What are key features of this property?
This property features: ~75,872 SF three‑story industrial building with grade, 2nd, and 3rd‑level warehouse/industrial space plus office/storage; 10‑16' ceiling heights, plus freight elevator and three overhead dock doors; 2nd floor is approximately 33% of GBA for office/storage area
