310-316 Colfax Ave 35,169 SF 100% Leased Industrial Building Clifton, NJ 07013 For Sale

Established in the dense suburban city of Clifton, New Jersey, 310-316 Colfax Avenue introduces a rare opportunity to invest in a prime industrial location with a 100% leased, multi-tenant asset. This expansive facility spans 35,169 square feet across three buildings on 3.3 acres zoned in the M-1 Light Industrial District. Equipped with ample truck parking and outdoor storage space, the property offers diverse revenue opportunities. New ownership will enjoy minimal landlord responsibilities as tenants are on modified gross leases. The landlord covers the property taxes and insurance while the tenants pay their own utilities and maintenance.

Clifton is a small city in New Jersey’s northern neck, approximately 25 minutes from Newark and 30 minutes from New York City. The suburban locale is quintessential for industrial users, providing unrivaled access throughout the northeast via nearby Interstates 80, 95, 78, 278, and 287. Located in the Route 3/GSP Industrial Submarket, 310-316 Colfax Avenue is perfectly positioned to benefit from strong market trends. The submarket currently has a vacancy rate of 4.6%, which has been holding steady over the past year, well below the market average. Market rents in the industrial sector are $ 14.60 per square foot, posting an annual rent growth of 2.5%. Investor interest in the area is rising as businesses look to relocate to this affordable and accessible suburban destination. With limited comparable inventory available on the market, 310-316 Colfax Avenue presents investors with a rare opportunity to acquire a valuable industrial complex.