57 Fourth St
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57 Fourth St
14,156 SF Light Industrial Building Somerville, NJ 08876 £2,034,370 (£144/SF) 7.15% Net Initial Yield
Executive Summary
CLEAN, WELL MAINTAINED 12,500 SF OFFICE BUILDING WITH 4,000 SF WAREHOUSE SPACE, PROFESSIONAL OFFICE SPACE, PRIVATE OFFICES, CONFERENCE ROOMS, BULLPEN AREA, CAFETERIA, WAREHOUSE WITH 20 ' CEILINGS, DRIVE IN AND TAIL BOARD LOADING LOCATED IN I-2 ZONE, LIGHT INDUSTRIAL. PRESENTLY LEASED TILL DECEMBER 31, 2026 TO EXCELLENT CREDIT TENANT TRUE TRIPLE NET LEASE, NOI $186K 7.5 CAP, IDEAL INVESTMENT OPPORTUNITY AND OR OWNER USER OPPORTUNITY
NOT IN A FLOOD ZONE
NOT IN A FLOOD ZONE
Property Facts
| Price | £2,034,370 | Rentable Building Area | 14,156 SF |
| Price Per SF | £144 | Number of Floors | 2 |
| Sale Type | Investment or Owner User | Year Built | 1970 |
| Net Initial Yield | 7.15% | Tenancy | Single |
| Property Type | Light Industrial | Parking Ratio | 3/1,000 SF |
| Property Subtype | Light Manufacturing | Clear Ceiling Height | 12 ft 6 in |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 0.77 AC | Level Access Doors | 2 |
| Price | £2,034,370 |
| Price Per SF | £144 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 7.15% |
| Property Type | Light Industrial |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 0.77 AC |
| Rentable Building Area | 14,156 SF |
| Number of Floors | 2 |
| Year Built | 1970 |
| Tenancy | Single |
| Parking Ratio | 3/1,000 SF |
| Clear Ceiling Height | 12 ft 6 in |
| No. Dock-High Doors/Loading | 1 |
| Level Access Doors | 2 |
Amenities
- Air Conditioning
Utilities
- Water - County
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 18-00054-0000-00001 | Improvements Assessment | £618,057 |
| Land Assessment | £108,604 | Total Assessment | £726,661 |
PROPERTY TAXES
Parcel Number
18-00054-0000-00001
Land Assessment
£108,604
Improvements Assessment
£618,057
Total Assessment
£726,661
zoning
| Zoning Code | I-1, Somerville Boro |
| I-1, Somerville Boro |
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Timothy Deluccia -
Deluccia Commercial Group
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57 Fourth St
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