310-316 Colfax Ave
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310-316 Colfax Ave
35,169 SF 100% Leased Industrial Building Clifton, NJ 07013 For Sale
Investment Highlights
- 310-316 Colfax Avenue offers investors a profitable opportunity to acquire three industrial buildings on 3.3 acres in Clifton, New Jersey.
- Take advantage of the property’s supplemental income collected from leasing the excess 1.5 acres of truck parking and outdoor storage.
- Tenants benefit from the location’s superior connectivity to other major routes, including Route 80 (2.8 miles) and the NJ Turnpike (8.2 miles).
- Fully leased, this 10-unit industrial facility provides a secure investment with a sizable revenue stream and future upside.
- Situated near the Garden State Parkway, an essential artery facilitating access and logistics for businesses dependent on efficient transportation.
- 310-316 Colfax Avenue sits in a strong industrial submarket that exhibits historically low vacancy rates and steady leasing activity.
Executive Summary
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.
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.
Sale Flyer
Property Facts
| Sale Type | Investment | Lot Size | 3.30 AC |
| Property Type | Industrial | Rentable Building Area | 35,169 SF |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built | 1940 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | |
| Building Class | C |
| Lot Size | 3.30 AC |
| Rentable Building Area | 35,169 SF |
| No. Stories | 1 |
| Year Built | 1940 |
Amenities
- Yard
- Storage Space
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
New York
8,398,748
23
0 h 40 m
Philadelphia
1,584,138
97
2 h 0 m
Boston
694,583
220
4 h 40 m
Washington
702,455
230
4 h 42 m
Columbus
892,533
545
10 h 11 m
Detroit
672,662
606
11 h 18 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
2,028,357
Total Labor Force
1,051,364
Unemployment Rate
5.08%
Median Household Income
$80,231
Warehouse Employees
160,936
High School Education Or Higher
88.10%
$ values in USD
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Dunkin' | Cafe | - | 10 min walk |
| All Surf No Turf | Seafood | - | 10 min walk |
| Mary Ann's Deli | - | $ | 10 min walk |
| Philly Pretzel Factory | Bakery | - | 12 min walk |
| Villa Roma Pizzeria & Deli | Pizza | $ | 11 min walk |
| Hot Bagels Abroad | Bagels | $ | 12 min walk |
| De Grill Masala | Halal | $$$ | 11 min walk |
| Henry's Delicatessen & Catering | Deli | $ | 12 min walk |
| Bagel Station | Bagels | $ | 12 min walk |
| China Gourmet | Chinese | $$ | 18 min walk |
Retail |
||
|---|---|---|
| Health Mart Pharmacy | Drug Store | 10 min walk |
| Valley National Bank | Bank | 12 min walk |
| 7-Eleven | Convenience Market | 11 min walk |
| Chase Bank | Bank | 12 min walk |
| Crunch | Fitness | 14 min walk |
| ShopRite | Supermarket | 14 min walk |
| PNC Bank | Bank | 13 min walk |
| Edible Arrangements | Other Retail | 15 min walk |
| United States Postal Service | Business/Copy/Postal Services | 17 min walk |
| Bank of America | Bank | 17 min walk |
Hotels |
|
|---|---|
| Rodeway Inn |
33 rooms
7 min drive
|
| La Quinta Inns & Suites |
231 rooms
8 min drive
|
| Marriott |
245 rooms
9 min drive
|
| Wyndham Garden |
155 rooms
8 min drive
|
| Home2 Suites by Hilton |
120 rooms
10 min drive
|
| Ramada |
176 rooms
11 min drive
|
| Courtyard |
227 rooms
11 min drive
|
| Fairfield Inn |
141 rooms
11 min drive
|
| Residence Inn |
133 rooms
11 min drive
|
| Holiday Inn Express |
100 rooms
11 min drive
|
zoning
| Zoning Code | M-1 (Industrial - Non-Residential Zone) |
| M-1 (Industrial - Non-Residential Zone) |
Sale Advisor
Sale Advisor
Rudolph Daunno, President/Broker of Record/Owner
(732) 910-3043
Contact
President, Broker of Record, and Owner of a New Jersey based real estate brokerage Daunno Realty Services. The company currently represents both residential and commercial real estate transactions and has over 70 active agents with offices in Clark and Toms River, NJ.
Specialties Include:
Traditional New Jersey Home Listings and Sales
Circle of Excellence Platinum award winning Real Estate Broker. Ranks in top 1% of NJ Realtors in annual production.
Certified Distressed Property Expert, REO Listings, Broker Price Opinions
Extensive experience with the purchasing and repurposing of distressed residential and commercial real estate. New Jersey Sherriff sale expert. Has worked side by side asset management companies to prepare bank owned homes and assets for sale after foreclosure. Market and sell REO properties throughout New Jersey. REO Services include eviction (cash for keys), trash out, winterization and repair coordination, and full service listings and sales.
New Construction / Builder Assistance
Combines on-site construction management experience with a great understanding of the challenges facing builders. This rare combination can work in favor of both new home buyers and new jersey home builder clients .
Investment Analysis
Experience modeling residential constructions projects and breaking down commercial P/L statements.
Using an innovative, high tech style of sales and advertising, you can rest assured that Rudy and his team at Daunno Realty will go above and beyond what is expected in order to make your buying/selling experience as rewarding as possible.
Specialties Include:
Traditional New Jersey Home Listings and Sales
Circle of Excellence Platinum award winning Real Estate Broker. Ranks in top 1% of NJ Realtors in annual production.
Certified Distressed Property Expert, REO Listings, Broker Price Opinions
Extensive experience with the purchasing and repurposing of distressed residential and commercial real estate. New Jersey Sherriff sale expert. Has worked side by side asset management companies to prepare bank owned homes and assets for sale after foreclosure. Market and sell REO properties throughout New Jersey. REO Services include eviction (cash for keys), trash out, winterization and repair coordination, and full service listings and sales.
New Construction / Builder Assistance
Combines on-site construction management experience with a great understanding of the challenges facing builders. This rare combination can work in favor of both new home buyers and new jersey home builder clients .
Investment Analysis
Experience modeling residential constructions projects and breaking down commercial P/L statements.
Using an innovative, high tech style of sales and advertising, you can rest assured that Rudy and his team at Daunno Realty will go above and beyond what is expected in order to make your buying/selling experience as rewarding as possible.
-
Rudolph Daunno -
Daunno Commercial
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310-316 Colfax Ave
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