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Industrial/IOS Facility in Prime Location 185 Van Winkle Ave 26,721 SF Vacant Industrial Building Online Auction Sale Hawthorne, NJ 07506
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Investment Highlights
- ±26,721-square-foot functional industrial building on ±1.45 acres.
- Strategic infill Northern New Jersey location minutes from Route 208.
- Ideal user or investor opportunity with flexible industrial zoning (I-1) allowing IOS uses.
- Rare ±0.3-acre Industrial Outdoor Storage (IOS) with secured outdoor storage/excess parking.
- Five drive-in doors with three external tailboards.
Executive Summary
Colliers is pleased to present the opportunity to acquire 185 Van Winkle Avenue, Hawthorne, Passaic County, New Jersey. 185 Van Winkle Avenue represents a rare value-add opportunity for users or investors to acquire a vacant functional industrial facility with outdoor storage in one of Northern New Jersey’s highest-barrier markets. The property totals ±26,721 square feet with minimal office build-out, multiple loading points, new LED lighting upgrades, and heavy 3-phase power. The property benefits from immediate access to Route 208, providing quick connectivity to Bergen and Passaic Counties as well as the broader Interstate 80 corridor.
185 Van Winkle Avenue provides multiple pathways for value creation, including traditional lease-up, repositioning for IOS users, or a full redevelopment strategy given the site’s acreage and its infill location.
185 Van Winkle Avenue provides multiple pathways for value creation, including traditional lease-up, repositioning for IOS users, or a full redevelopment strategy given the site’s acreage and its infill location.
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Offering Memorandum Click Here to Access
Data Room Click Here to Access
- 1. Offering Memorandum & Flyer
- 2. Financials
- 3. Comparable Sales
- 4. Property Information
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Auction Sale | Year Built | 1970 |
| Type of Ownership | Fee Simple | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.8/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 14’ |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Lot Size | 1.45 AC | No. Drive In / Grade-Level Doors | 5 |
| Rentable Building Area | 26,721 SF | Parcel Number | 04-00240-0000-00002 |
| Zoning | I-1 Industrial - Manufacturing, light manufacturing or warehousing uses. | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.45 AC |
| Rentable Building Area | 26,721 SF |
| No. Stories | 1 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 1.8/1,000 SF |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 5 |
| Zoning | I-1 Industrial - Manufacturing, light manufacturing or warehousing uses. |
| Parcel Number | 04-00240-0000-00002 |
Amenities
- Fenced Lot
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
About Northwest Bergen
The Northwest Bergen area includes the towns of Franklin Lakes, Oakland, Mahwah, and Allendale. Demand for industrial properties located within the submarket has been robust over the past decade, with vacancies trending downward as a result.
Accessibility remains one of the submarket's key demand drivers. Many industrial properties are near key access points such as Route 208, I-287, Route 17, and Route 4.
Properties here typically feature an abundance of on-site parking and desirable ceiling heights, which have attracted a bevy of creditworthy tenants.
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
New York
8,398,748
32
0 h 52 m
Philadelphia
1,584,138
104
2 h 9 m
Boston
694,583
220
4 h 40 m
Washington
702,455
237
4 h 51 m
Columbus
892,533
548
10 h 18 m
Detroit
672,662
609
11 h 24 m
Access and Labor Force
10 Miles
Total Population
1,320,522
Total Labor Force
731,150
Unemployment Rate
4.39%
Median Household Income
$111,002
Warehouse Employees
107,395
High School Education Or Higher
91.00%
$ values in USD
Sale Advisors
Sale Advisors
Jacklene Chesler, Vice Chair
Jacklene serves as Vice Chair and provides Investment Sales & Advisory expertise to institutional and private investors. She focuses on all major product types including Office, Industrial, Retail, Residential/Mixed Use and Land. She has vast experience in working with Special Servicers (Loan and REO teams), Asset Mangers and other Fidicuciary Agents on CMBS and balance sheet properties, and other type of distressed assets. She is also very active with marketing and selling properties via online auctions, most notable Tenx.com.
Jacklene joined the firm in 2013. Prior to Colliers, she was a Director for the NKF Capital Markets Tri-State Team from 2008 to 2013. She has been a top 10% producer for Colliers from 2014 to current year and recognized for this achievement by being part of the prestigious Everest Club.
Jacklene joined the firm in 2013. Prior to Colliers, she was a Director for the NKF Capital Markets Tri-State Team from 2008 to 2013. She has been a top 10% producer for Colliers from 2014 to current year and recognized for this achievement by being part of the prestigious Everest Club.
Patrick Norris, Senior Vice President
Patrick Norris, Senior Vice President, has been part of the commercial real estate industry since 2016. He specializes in institutional, as well as private investor sale transactions throughout New Jersey and the surrounding tri-state metropolitan region. In addition to executing highly competitive traditional marketing campaigns, Patrick is an expert at selling properties via online auction platforms including Ten-X Commercial.
Patrick has been involved in the marketing and sale of office, retail, industrial and multi-family assets. He was recognized by Real Estate Weekly as a “2018 Rising Star of Real Estate”. Patrick was named to the Mid Atlantic Real Estate Journal’s 2022 “30 Under 30”. Also he received the Platinum Broker Award by Crexi.
Patrick is a member of National Association of Industrial and Office Professionals (NAIOP) Developing Leaders, Industrial and Office Real Estate Brokers Association (IOREBA) Next Gen and International Council of Shopping Centers (ICSC).
Patrick has been involved in the marketing and sale of office, retail, industrial and multi-family assets. He was recognized by Real Estate Weekly as a “2018 Rising Star of Real Estate”. Patrick was named to the Mid Atlantic Real Estate Journal’s 2022 “30 Under 30”. Also he received the Platinum Broker Award by Crexi.
Patrick is a member of National Association of Industrial and Office Professionals (NAIOP) Developing Leaders, Industrial and Office Real Estate Brokers Association (IOREBA) Next Gen and International Council of Shopping Centers (ICSC).
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Victoria Quade
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Industrial/IOS Facility in Prime Location | 185 Van Winkle Ave
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Industrial/IOS Facility in Prime Location | 185 Van Winkle Ave
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