Newark, New Jersey, is a prime location for investing in Warehouses For Sale, with 20 available listings. Warehouses in Newark offer a unique opportunity for investors to tap into the city's diverse economy, which is driven by industries such as insurance, finance, healthcare, and manufacturing. These properties can serve as distribution centers, storage facilities, or even be converted into office spaces, making them a versatile investment option. Newark's strategic location, with its proximity to the Port of New York and New Jersey and its extensive highway and rail networks, makes it an ideal hub for logistics and transportation. The city's amenities, including the Prudential Center, University Hospital, and Newark Liberty International Airport, also contribute to its appeal as a business destination. Additionally, Newark is home to several major companies, including Prudential Financial, Mutual Benefit Life, and IDT Corporation, which can provide a steady stream of clients and customers for warehouse-based businesses.
Newark's Warehouses For Sale offer a range of options, from small, starter facilities to large, industrial complexes. With an average price per square foot of $217 USD and an average size of 22,299 square feet, these properties are an attractive investment opportunity. The largest Warehouse available in Newark spans 145,000 square feet, providing ample space for businesses to grow and expand. In addition to Warehouses, Newark also offers a range of other commercial properties, including Industrial Properties, Land, Residential Income Homes, and Commercial Real Estate. The city's Industrial Properties, such as those near the Port of Newark, offer easy access to transportation routes and a skilled workforce. Land in Newark is also available for development, providing an opportunity to build from the ground up. Residential Income Homes in Newark offer a steady stream of rental income, while Commercial Real Estate properties, such as office buildings and retail spaces, provide a diverse range of investment options. Overall, Newark's Warehouses For Sale offer a unique combination of location, amenities, and investment potential, making them an attractive option for investors and businesses alike.
What are the key features investors look for in warehouses in Newark?
When searching for warehouses in Newark, investors typically look for key features that ensure a profitable and efficient operation, including:
- Average price per square foot of $217 USD, with an average size of 22,299 square feet and a maximum size of 145,000 square feet, offering flexibility and scalability for various business needs.
- A desirable location with easy access to major transportation hubs, such as Newark Liberty International Airport, Port Newark, and the New Jersey Turnpike, facilitating the movement of goods and supplies.
- A competitive average cap rate of 6.75%, providing a strong potential for returns on investment, as well as proximity to a skilled and diverse workforce, with a range of educational institutions and major employers in the area.
What size warehouses are available to buy in Newark?
Warehouses for sale in Newark range in size from 22,299 square feet to 145,000 square feet, with an average price per square foot of $217 USD and an average cap rate of 6.75%, offering a variety of options for businesses and investors looking to own a warehouse in this strategic location.
How much does it cost to buy a warehouse in Newark?
Currently, there are 20 available listings of warehouses for sale in Newark, with an average price per square foot of $217 USD and an average size of 22,299 square feet, ranging from smaller options to larger facilities of up to 145,000 square feet, and with an average cap rate of 6.75%.
