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Retail & Light Manufacturing - Excellent Investment Opportunity

5% Cap Rate


4611 Holt Blvd, Montclair

HoltSalePhoto.jpg

 

 

Centrally located in the heart of Montclair, the premises consist of a very large parcel of land with two buildings located on two streets, separated by a very large service yard making easy access to the loading docks. The first building of approximately 21,600 sq. ft. is on Holt Blvd and its tenant is a nationally-known non-profit resale store. The second building is more light manufacturing/warehouse spaces with 3 separate tenants. 100% Leased.

 

Property Highlights

 31,600 rentable square feet

 100% Leased

 2 buildings:

         - 21600 retail - one tenant (nationally recognizable non-profit)

         - 10,000 warehouse/light manufacturing (3 units)

 

 Newer roof on the Holt Blvd. retail building

 Ample parking available for all tenants & customers

 Large gated service yard between both buildings

 Large alleyway/driveway

 Situated on busy business corridor

 Easy to manage property

 Modified Gross Leases with opportunity to increase rents

 Very low maintenance & expenses