Investment Overview

The property at 58 Voorhis Lane, Hackensack, NJ, is a versatile industrial asset ideal for investors and owner-users seeking low-maintenance opportunities within a prime industrial market. With 3,420 useable square feet, the single-story building sits on a 7,405.2 square-foot lot and features M-2 zoning, which supports a wide array of industrial uses such as warehousing, distribution, and light manufacturing. The building’s robust construction and functional layout make it an excellent fit for tenants or owner-users needing flexible, utility-driven spaces in a well-established industrial corridor. Recent capital improvements further enhance the property’s appeal. The roof and HVAC system were updated in 2015, reducing near-term capital expenditure needs and creating an attractive proposition for hands-off investors and owner-users alike. These upgrades extend the building's lifespan and help control maintenance costs, positioning it as a low-management investment with minimal landlord responsibilities. The durable brick structure and straightforward design add to the ease of ownership. Strategically located in Hackensack, NJ, the property benefits from proximity to major highways, which provides a logistical advantage for industrial users. The site’s accessibility supports last-mile distribution, warehousing, and other logistics-oriented operations, making it highly attractive to small-scale industrial tenants or owner-users. With a limited yet adequate parking setup and two drive-in gates, the property offers essential industrial functionalities without unnecessary overhead. The flexible M-2 zoning is another key advantage, as it allows a wide range of industrial applications that can appeal to diverse tenant profiles or owner-users with varied operational needs. This zoning flexibility, combined with a layout that includes a 1,000-square-foot storage area, a 350-square-foot cold box, and a 150-square-foot office space, creates a versatile environment for those needing a mix of storage, processing, and administrative functions in one location. The 11.1-foot clear height and 400-amp power capacity further enhance its suitability for light manufacturing and warehousing. Financially, this property is well-positioned to provide stable income in a high-demand industrial market, or operational efficiency for owner-users. With market rents around $15-18 per square foot, the annual rental income potential ranges from approximately $51,300 to $61,560, yielding a projected Net Operating Income (NOI) of $39,750 to $50,000 after expenses. At these income levels, the property offers an estimated cap rate of 6-7%, making it a competitive option for investors seeking a steady, predictable return, or for owner-users looking to secure a functional industrial property in a strategic location.