Listed By CENTURY 21 Semiao & Associates
The Industrial Property for Sale located at 42-50 Farrand St, Bloomfield, New Jersey 07003 is currently for sale. 42-50 Farrand St, Bloomfield, New Jersey 07003 is listed for $10,200,000.
$10,200,000 USD
Industrial Property for Sale, 42-50 Farrand St, Bloomfield, New Jersey 07003
- Minimum sellable space
7,040 m² (75,782 ft²)
Property features
Property
- Property size:
7,040 m² (75,782 ft²)
Lot/Land
- Land/Lot size:
8,417 m² (2.08 ac)
Parking/Garage
- Parking spaces: 65
Utilities
- Other utilities: City WaterCity Sewer
Description
Property represents a three-story multi-level industrial building comprising a total of approximately 75,872 square feet of gross building area. The improvements feature 10-16’ ceiling heights, with a freight elevator, and three overhead dock doors. There are also 65 parking spaces. The grade and 3rd levels generally consist of warehouse/industrial space, while the 2nd floor (approximately 33% of GBA) offers office/storage area. The improvements were constructed in 1947.
The facility is fully net leased to a single tenant, SOLID STATE, INC. and N.T.E. ELECTRONICS. The current lease commenced on January 1, 2022 and was for a ten-year term.
The overall site comprises a total approximately 2.08 acre lot. The site is located along Farrand Street in Bloomfield Township (Essex County) in the State of NJ. It is also worth noting that a small portion of the northern portion of the site is located within the Borough of Glen Ridge.property is located in Redevelopment Area.
Industrial- and Potential development
Location
42-50 Farrand St, Bloomfield, New Jersey 07003