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261 Monroe Ave 50,000 SF 14% Leased Flex Building Kenilworth, NJ 07033 $17,095,375 CAD ($341.91 CAD/SF)
Executive Summary
Nexus Realty Advisors LLC is pleased to offer this +/-50,000 SF industrial property comprised of three buildings situated on 2.32 acres ( +/-450’ x 225’ lot dimensions).
The property includes approximately +/-5,712 SF of dedicated office space and features 13 drive-in doors, clear heights ranging from 12’ to 30’, and cranes ranging from 1 to 3 tons. The site offers parking for approximately 60 cars and 16 trailer spaces.
+/-39,000 SF is available for immediate occupancy in the main building, presenting a strong owner-user opportunity. The remaining +/-11,000 SF is occupied by multiple month-to-month tenants, generating approximately +/-$200,000 in NOI.
Zoned Industrial, the property is well-suited for manufacturing, fabrication and warehousing.
The property includes approximately +/-5,712 SF of dedicated office space and features 13 drive-in doors, clear heights ranging from 12’ to 30’, and cranes ranging from 1 to 3 tons. The site offers parking for approximately 60 cars and 16 trailer spaces.
+/-39,000 SF is available for immediate occupancy in the main building, presenting a strong owner-user opportunity. The remaining +/-11,000 SF is occupied by multiple month-to-month tenants, generating approximately +/-$200,000 in NOI.
Zoned Industrial, the property is well-suited for manufacturing, fabrication and warehousing.
Property Facts
| Price | $17,095,375 CAD | Rentable Building Area | 50,000 SF |
| Price Per SF | $341.91 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1950 |
| Property Type | Flex | Parking Ratio | 1.2/1,000 SF |
| Building Class | C | No. Drive In / Grade-Level Doors | 5 |
| Lot Size | 2.32 AC | Cross Streets | Monroe Ave |
| Price | $17,095,375 CAD |
| Price Per SF | $341.91 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 2.32 AC |
| Rentable Building Area | 50,000 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Parking Ratio | 1.2/1,000 SF |
| No. Drive In / Grade-Level Doors | 5 |
| Cross Streets | Monroe Ave |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Unité de 5K : 18,00 $/pi² Unité de 8K : 16,50 $/pi² Unité de 24K : 14,95 $/pi² L'ensemble des 39 000 pi² est disponible sur demande.
Espace de garage 3 unités disponibles
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 5,000-39,000 SF | Industrial | Full Build-Out | Now |
| 1st Floor | 900-4,000 SF | Industrial | Partial Build-Out | Now |
1st Floor
| Size |
| 5,000-39,000 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size |
| 900-4,000 SF |
| Space Use |
| Industrial |
| Condition |
| Partial Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 5,000-39,000 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Unité de 5K : 18,00 $/pi² Unité de 8K : 16,50 $/pi² Unité de 24K : 14,95 $/pi² L'ensemble des 39 000 pi² est disponible sur demande.
1st Floor
| Size | 900-4,000 SF |
| Space Use | Industrial |
| Condition | Partial Build-Out |
| Available | Now |
Espace de garage 3 unités disponibles
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Property Taxes
| Parcel Number | 08-00061-0000-00001 | Improvements Assessment | $831,929 CAD |
| Land Assessment | $872,548 CAD | Total Assessment | $1,704,477 CAD |
Property Taxes
Parcel Number
08-00061-0000-00001
Land Assessment
$872,548 CAD
Improvements Assessment
$831,929 CAD
Total Assessment
$1,704,477 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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261 Monroe Ave
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