311 Mechanic St Boonton, NJ 07005
This exceptional 30,000-square-foot industrial property in Boonton, Morris County, NJ, offers a 9,000-square-foot single-tenant manufacturing space available July 1, 2024. The building boasts 13-foot ceilings, providing ample vertical space for various manufacturing operations. Convenient loading and unloading is ensured with two exterior loading docks and one drive-in door. A covered loading platform enhances efficiency and protects goods from the elements. The space includes a 500-square-foot office area, expandable by an additional 2,400 square feet in an adjacent building, offering flexibility for administrative needs. A fenced parking lot provides secure parking for employees and visitors. The building's robust power supply features 3,000 amps at 480 volts. Column spacing is 18' x 33'. The net rental rate is $12 per square foot, with operating expenses of $3.50 per square foot (tenant responsible for electricity and snow removal). This property presents a fantastic opportunity for a manufacturing business seeking a well-equipped and strategically located facility in Morris County. The property is ready for immediate occupancy.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.