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30,000 SF Warehouse For Sale

72 2nd Ave, Paterson, NJ 07514

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For Sale

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30,000 SF warehouse with office and storage space available.

Type:Industrial

Property size:

30,000 SF

Price / SF:

$196/SF

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Contact for Pricing

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and status of this listing

Nicholas Tselepis

Real Estate License ID: 7821189

HighLights

Approximately 30,000 sqft warehouse space
Includes 5,000 sqft on 2nd floor for office or storage
14‑18 ft ceiling height
Features 2 drive‑in doors and 1 loading dock
Basement for additional storage

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For Sale

Contact for pricing

30,000 SF warehouse with office and storage space available.

Type:Industrial

Property size:

30,000 SF

Price / SF:

$196/SF

Added:: Jul 2, 2024
Days on Market:: 736
Last Refresh:: Jul 2 at 6:03 am

Property Features for 72 2nd Ave

General Information

Standard status: Active
Size: 30,000 SF
Property subtype: Industrial

We can help!

Contact an agent

Nicholas Tselepis

Listing office Nicholas Real Estate Agency

Listing date Jul 2, 2024

Source Crexi

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 Nicholas Real Estate Agency

HighLights

Approximately 30,000 sqft warehouse space
Includes 5,000 sqft on 2nd floor for office or storage
14‑18 ft ceiling height
Features 2 drive‑in doors and 1 loading dock
Basement for additional storage

Overview

This property features approximately 30,000 square feet of warehouse space, including 5,000 square feet on the second floor suitable for office or storage use. The warehouse has a ceiling height ranging from 14 to 18 feet. It includes two drive-in entrances and one loading dock. The property also offers a basement for additional storage and office space on the first floor.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$900.0k	$30.00
− Vacancy	−$288.0k	−$9.60
EGI	$612.0k	$20.40
− OpEx	−$153.0k	−$5.10
NOI	$459.0k	$15.30

30,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$6.56M

$5.74M – $7.65M (±1% cap)

NOI $459,000 @ 7.0% cap · market cap 7.78%

Second Best

Warehouse

$5.92M

$5.18M – $6.90M (±1% cap)

NOI $414,202 @ 7.0% cap · market cap 7.02%

Theoretical Best

Office A

$7.83M

$6.85M – $9.14M (±1% cap)

NOI $548,352 @ 7.0% cap · market cap 9.29%

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

Location Intelligence

Current Use by Public Records

Scott's Oil Tank ... Environmental Consultant C Marino Inc Warehouse & Storage

Suggested Use

Similar Places Nearby

Krauszer's Food Store — 16-15 River Rd, Fair Lawn, NJ 07410
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: -74.1459684
Latitude: 40.9388641

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For sale
Warehouses
NJ
Paterson
07514
72 2nd Ave

What type of property is this?

Warehouse - 30,000 SF warehouse with office and storage space available.

Where is this warehouse located?

The property is located at 72 2nd Ave Paterson, NJ.

What is the asking price?

The asking price for this property is $5,900,000.

What are key features of this property?

This property features: Approximately 30,000 sqft warehouse space; Includes **5,000 sqft on 2nd floor for office or storage**; 14‑18 ft ceiling height