8 Vreeland AveTotowa, NJ 07512

Property Details for 8 Vreeland Ave

Year built

1980

Lot size

7.04 AC

Property size (Sq ft)

119,315 SF

Property type

Industrial properties

APN

12 00158-0000-00004

APU

1200158000000004

Description

This exceptional industrial property, located at 8 Vreeland Ave in Totowa, New Jersey, offers 127,055 square feet of warehouse space available for lease. The building is a single-tenant space, providing ample room for a variety of industrial operations. Constructed over two stories, the warehouse boasts impressive ceiling heights ranging from 10 to 24 feet, offering significant vertical storage capacity. Ten dock-high doors ensure efficient loading and unloading of goods. The property underwent renovations in 2019, ensuring modern functionality and updated infrastructure. Ample parking is available with 125 spaces provided on-site for employees and visitors. Situated in Passaic County, this strategically located warehouse provides easy access to major transportation routes, making it an ideal location for businesses requiring efficient logistics. The property's size and features make it suitable for a wide range of industrial uses, from storage and distribution to light manufacturing. The address is 8 Vreeland Ave, Totowa, NJ 07512. This is a rare opportunity to secure a substantial, well-maintained warehouse in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $44,014,800

  6.5%

  $40,629,100

  7%

  $37,727,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,943,500

  Geo Method

  $24,943,500

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $20,834,400

  Mixed-Use / Specialty

  $20,760,100

  Hospitality / Lodging

  $15,231,000

  Office

  $20,636,800

  Institutional / Educational

  $21,582,200

  Residential Income

  $25,251,100

  Multifamily

  $30,284,800

  Automotive / Energy

  $18,499,000

  Parking / Income-Based Land

  $6,383,770

  Restaurant / Food Service

  $10,797,500

  Healthcare / Senior Housing

  $21,289,100

Location Insight

City

Totowa

County

Passaic

State

New Jersey

Latitude

40.9007

Longitude

-74.2336

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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