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    FOR LEASE
    Industrial properties

    327-347 1St St, Elizabeth, NJ 07206

    6.69 ac lot
    Entity Owned 2-yr Hold ~ Est. High Equity
    Property ID
    US59-1290630
    Property summary
    AI-generated overview

    This exceptional industrial warehouse property, located at 327-347 1st Street in Elizabeth, New Jersey (zip code 07206), offers a total of 247,446 square feet of space. The property is situated in Union County and provides unparalleled access to major transportation arteries, including Routes 1 & 9, Route 78, and the New Jersey Turnpike, making it strategically positioned for efficient logistics. The building is only 16 miles from New York City via the Holland Tunnel and less than 5 miles from the Ports of Newark & Elizabeth, the largest on the East Coast. This prime location benefits from a large and readily available workforce. The warehouse features multiple tenancy options, with spaces ranging from a minimum of 2,002 square feet to a maximum contiguous space of 66,163 square feet. Currently, 128,019 square feet is vacant. The building boasts impressive ceiling heights ranging from 10 to 16 feet, a 120-foot truck court, and is situated on a fully fenced, secured, and paved lot. Loading capabilities include 26 loading docks and one drive-in door. The building also includes freight elevators. A significant portion of the space (66,163 sq ft) is located on the ground floor, with an additional 59,854 sq ft in the basement accessible via an external drive-in, two interior floor cutouts, and two freight elevators. The property is undergoing a complete roof replacement. This warehouse is ideal for businesses seeking efficient operations and convenient access to major transportation hubs and a large labor pool.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Lot 6.69 ac (291,416 SF)
    APN 04 00825- 01-00032
    UPID US59-1290630
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $29.61M
    Owner & transaction history
    333 First Street Acquisition LLC · 2 yrs held
    333 First Street Acquisition LLC
    since 2023
    Last sale
    $30.5M
    2 recorded transactions
    2023
    $30.5M
    2021
    $16.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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