Single-Tenant Flex
550 Commerce Street, Franklin Lakes, NJ 07417
For Sale
Contact for pricing
Office, warehouse, commercial kitchen, and cold storage areas support a foodservice-oriented operation.
Property Size18,741 SF
Lot Size1.33 Acres
Days on Market47
Property Features for 550 Commerce Street
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Site & Location
Highway Access
Road Access
Warehouse & Industrial
Clear Height
Cold Storage
Additional Details
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Cushman & Wakefield - Morristown, New Jersey
Listed By:
Jordan Sobel · License #NJ 1969050
(973) 292-4633
Source:
Crexi
Added: Sep 24
Changed: Nov 9
Last Checked: Nov 8 at 5:53PM
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 Cushman & Wakefield - Morristown, New Jersey
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 18,741-square-foot flex facility sits on approximately 1.33 acres and combines office space with a high-bay warehouse. Building features include approximately 20-foot clear heights, dock-high and drive-in loading, a commercial-grade kitchen, and cold storage within the warehouse area. The property is fully net leased to Acxion Foodservice, Inc., which extended its lease for five years through October 31, 2031. The lease provides for 2.5% annual rent increases and includes an additional five-year renewal option.
At 550 Commerce Street in Franklin Lakes, New Jersey, the property has immediate access to Interstate 287 and Route 208. Acxion is the successor to longtime tenant KeyImpact Sales & Systems.
At 550 Commerce Street in Franklin Lakes, New Jersey, the property has immediate access to Interstate 287 and Route 208. Acxion is the successor to longtime tenant KeyImpact Sales & Systems.
Key Highlights
- 18,741‑square‑foot facility on approximately 1.33 acres
- 100% net leased to Acxion Foodservice, Inc.
- Five‑year lease extension runs through October 31, 2031, with a five‑year renewal option
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
20 ft
Clear height
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07417, NJ
11,086
Population
3,886
Households
2.9
Avg Household Size
46
Median Age
79%
College-Educated
98%
High-School Grad
9.4 sq mi
ZIP Area
1,179
Density / Sq Mi
$231,184
Median Household Income
$93,777
Median Earnings
$3,328
Median Rent
$1,218,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Flex space in Bergen County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Office, warehouse, commercial kitchen, and cold storage areas support a foodservice-oriented operation.
Where is this flex space located?
The property is located at 550 Commerce Street Franklin Lakes, NJ.
What are key features of this property?
This property features: 18,741‑square‑foot facility on approximately 1.33 acres; 100% net leased to Acxion Foodservice, Inc.; Five‑year lease extension runs through October 31, 2031, with a five‑year renewal option
