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Property profile & analytics
FOR LEASE
Industrial properties

2 Dedrick Pl West Caldwell, NJ 07006

78,020 SF 6.88 ac lot Built 1981
Entity Owned 9-yr Hold Free & Clear
Property ID
US59-0688423
2 Dedrick Pl, West Caldwell, NJ 07006 For Lease
Contact for pricing 82,590 SF available
2 Dedrick Pl, West Caldwell, NJ 07006
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Property summary
AI-generated overview

This exceptional 82,590-square-foot flex space property presents a unique investment opportunity. Situated on a 6.87-acre lot in Essex County, this single-tenant building offers a versatile layout ideal for various industrial uses. The property boasts 29,571 square feet of office space, complemented by a substantial 48,653-square-foot refrigerated warehouse, maintaining temperatures between 36° and 58°F. An additional 1,820 square feet of mezzanine warehouse space provides extra storage or operational area. The warehouse features a generous ceiling height of 27 feet and a column spacing of 40 feet by 40 feet, maximizing efficiency and flexibility. Loading is facilitated by 16 loading docks, ensuring smooth and efficient operations. Ample parking is available with 108 car spaces and 18 trailer spaces. The property enjoys a prime location just off Interstate 80 at Exit 52 and Route 46, within an established industrial park. This strategic location offers easy access to major transportation routes and places the property in close proximity to reputable corporate neighbors including Pella Windows, Toyota, Ricoh, Lohmann Therapy, and Vitaquest. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize and optimize the space to their specific needs. This is a rare opportunity to acquire a substantial, well-located industrial flex space property with significant potential.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1981
Construction CONCRETE BLOCKS
Total area 78,020 SF
Lot 6.88 ac (299,562 SF)
Zoning code M-2
APN 21 01500-0000-00011
UPID US59-0688423
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • RLB Food Enterprises Inc Big Box & Wholesale Store Food Market
  • FreshPro Big Box & Wholesale Store
  • FreshPro Food Distributors Distribution Center Logistics Company
  • American Legal Copying & Services (Bike/Boat/Book/etc) Store Printing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.06M
Owner & transaction history
Cpt Nj 2 Dedrick LLC · 9 yrs held
Cpt Nj 2 Dedrick LLC
since 2017
3 recorded transactions
2017
$10.7M
2009
$860,000
1969
Price N/A
Zoning & alternative use
M-2 · West Caldwell, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

M-2 LIMITED INDUSTRY AND RESEARCH LABORATORY DISTRICT. § 20-14.1 Permitted Principal Uses. [ Ord. No. 890 § 20-14.1] a. Offices for executive, professional, scientific, engineering or administrative purposes; and b. Scientific, engineering or research laboratories devoted to research, design or processing and fabricating incidental thereto; and limited indus…

Zone name Limited Industry Office Building And Research Laboratory
General category INDUSTRIAL
Zone area 233.78 ac
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