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Investment Highlights

  • Full Block; Excellent Location; Fully Functional. Prime canvas for renovation, creating a more functional building in a prime location.

Executive Summary

Perfect location. Easy access to port and airport. The building is on an entire block providing easy dock and drive-in door access. Refurbished pantry, break-room, and restrooms. Newly paved parking lot. Opportunity to improve and expand the building. Delivered vacant. Available for Lease

Financial Summary (Actual - 2024)

Annual (CAD) Annual Per SF (CAD)
Taxes $125,100 $1.45
Operating Expenses - -
Total Expenses $125,100 $1.45

Financial Summary (Actual - 2024)

Taxes (CAD)
Annual $125,100
Annual Per SF $1.45
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $125,100
Annual Per SF $1.45

Property Facts

Price $12,510,000 CAD
Price Per SF $145.47 CAD
Sale Type Investment or Owner User
Sale Condition Lease Option
Property Type Industrial
Property Subtype
Warehouse
  • Flex Light Manufacturing
  • Industrial Distribution
  • FlexLight Distribution
Building Class C
Lot Size 1.61 AC
Rentable Building Area 86,000 SF
No. Stories 2
Year Built 1986
Parking Ratio 0.35/1,000 SF
Clear Ceiling Height 12’
No. Dock-High Doors/Loading 4
No. Drive In / Grade-Level Doors 6
Opportunity Zone Yes
Zoning I-1 - Light Industrial.

Amenities

  • Courtyard
  • Fenced Lot
  • Property Manager on Site

Utilities

  • Gas - Natural
  • Water - City
  • Sewer - City

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl - Bld 1
  • 4,585 SF
  • Industrial
  • -
  • Now
  • 1st Fl-Ste Bld 1 - Office
  • 1,438 SF
  • Office
  • -
  • Now
  • 1st Fl - Bld 2
  • 1,655 SF
  • Industrial
  • -
  • Now
  • 1st Fl - Bld 3
  • 3,982 SF
  • Industrial
  • -
  • Now
  • 1st Fl - Bld 4
  • 3,340 SF
  • Industrial
  • -
  • Now
  • 1st Fl - Bld 5
  • 16,262-32,525 SF
  • Industrial
  • -
  • Now
Space Size Space Use Condition Available
1st Fl - Bld 1 4,585 SF Industrial - Now
1st Fl-Ste Bld 1 - Office 1,438 SF Office - Now
1st Fl - Bld 2 1,655 SF Industrial - Now
1st Fl - Bld 3 3,982 SF Industrial - Now
1st Fl - Bld 4 3,340 SF Industrial - Now
1st Fl - Bld 5 16,262-32,525 SF Industrial - Now

1st Fl - Bld 1

Size
4,585 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl-Ste Bld 1 - Office

Size
1,438 SF
Space Use
Office
Condition
-
Available
Now

1st Fl - Bld 2

Size
1,655 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl - Bld 3

Size
3,982 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl - Bld 4

Size
3,340 SF
Space Use
Industrial
Condition
-
Available
Now

1st Fl - Bld 5

Size
16,262-32,525 SF
Space Use
Industrial
Condition
-
Available
Now
Moderately walkable
60/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
14-02086-0000-00001
Land Assessment
$834,831 CAD (2025)
Improvements Assessment
$1,133,297 CAD (2025)
Total Assessment
$1,968,128 CAD (2025)
Annual Taxes
$125,100 CAD ($1.45 CAD/SF)
Tax Year
2024
  • Listing ID: 35844848

  • Date on Market: 2024-05-21

  • Last Updated:

  • Address: 150 Avenue L, Newark, NJ 07105

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