8 Halstead AveWallington, NJ 07057

This exceptional 3,500-square-foot flex space in Wallington, New Jersey presents a compelling owner-user or investment opportunity. Located on a sizable 0.43-acre corner lot within the LI zoning district, this property boasts convenient access to major highways including Routes 21, 17, 3, 80, the NJ Turnpike, and the Parkway. Built in 1945 and extensively renovated in 2023, the two-story building features one loading dock, one drive-in door, and a column-free interior layout maximizing usable space. The high ceilings, ranging from 10 to 12 feet, provide ample vertical clearance. Modern upgrades include new LED lighting and a robust 200-amp power supply. Currently leased until February 28, 2026, at $18.62 per square foot (NNN), with a 3% rent increase scheduled for March 1, 2025, this property offers a strong 7.25% cap rate and a net operating income (NOI) of $65,184. The asking price is $899,000, translating to $256.86 per square foot and $50.66 per square foot for the land. This prime industrial property is a rare find in a highly desirable location, offering both immediate income and long-term growth potential. The property is vacant upon lease expiration.