Current Use by Public Records
- ATC LLC / Trucking Company
- Nea Trading Co / Hardware & Home Improvement / Furniture & Home Goods
Property Details for 310 Sherman Ave
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional 145,000-square-foot industrial property in Newark, New Jersey, presents a compelling investment opportunity. Located at 310 Sherman Avenue, 07114, in Essex County, this strategically positioned asset boasts a 7.00% capitalization rate. The property sits on approximately 2.49 acres, providing ample space for truck parking, a significant advantage for distribution and logistics operations. The building itself is fully equipped with a sprinkler system, enhancing safety and security. Furthermore, three elevators and two loading docks facilitate efficient material handling and movement. Its versatile design makes it suitable for a variety of uses, including self-storage facilities, charter schools, nursing homes, warehousing, and distribution centers. The property's proximity to the Newark Port, Newark Liberty International Airport, and major highways ensures excellent connectivity and accessibility, making it an ideal location for businesses seeking seamless transportation links. This is a rare opportunity to acquire a substantial industrial property in a high-demand area with significant potential for growth and return on investment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1905
- Latitude
- 40.7132
