310 Sherman AveNewark, NJ 07114

Property Details for 310 Sherman Ave

Property size (Sq ft)

145,000 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional 145,000-square-foot industrial property in Newark, New Jersey, presents a compelling investment opportunity. Located at 310 Sherman Avenue, 07114, in Essex County, this strategically positioned asset boasts a 7.00% capitalization rate. The property sits on approximately 2.49 acres, providing ample space for truck parking, a significant advantage for distribution and logistics operations. The building itself is fully equipped with a sprinkler system, enhancing safety and security. Furthermore, three elevators and two loading docks facilitate efficient material handling and movement. Its versatile design makes it suitable for a variety of uses, including self-storage facilities, charter schools, nursing homes, warehousing, and distribution centers. The property's proximity to the Newark Port, Newark Liberty International Airport, and major highways ensures excellent connectivity and accessibility, making it an ideal location for businesses seeking seamless transportation links. This is a rare opportunity to acquire a substantial industrial property in a high-demand area with significant potential for growth and return on investment.

Location Insight

City

Newark

County

Essex

State

New Jersey

Latitude

40.7132

Longitude

-74.1905

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