162-66 Sherman Avenue, Newark, NJ 07114

New Jersey, Newark, New Jersey 07114

$1,350,000  

Listing ID Number

19578

Property Description

The subject property is a 20,000sqft industrial building with over 15,000sqft in yard space.
The property is currently used for truck leasing and maintenance.
It will be delivered vacant.

Features:
Truss roof construction provides unobstructed floor plate
Ceiling height 23’ / 14’ clear
Four on-street roll-up doors 11’w x 12’h
One yard access roll up door 11’w x 14’h
Fenced yard 10’ fence height
Blocks from CSX, Norfolk Southern & Conrail freight rail terminals
Highly accessible via Rt 21, Rts 1&9, Rt 78 and the NJ Turnpike.
One block off Frelinghuysen Avenue
Secure location
Phase I & II environmental completed

Overview

Building Type:Commercial Buildings, Industrial, Special Use
Location:Sherman Avenue between Poinier and Earl St. half a block from Frelinghuysen Ave.
Block/Lot:2786/18, 19, 21, 21, 24, 25, 26, 35
Lot Sq Ft:36,616

Expenses

Real Estate Taxes:$25,352

Summary

Price Per Sq Ft:$68

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Brock Emmetsberger
First Vice President of Sales
(212) 696-2500 x 7776
brock@masseyknakal.com


Property Images

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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.