Investment Overview

Marcus & Millichap Real Estate Investment Services has been exclusively retained by the seller to present qualified investors with the opportunity to acquire 730-736 Madison Avenue in Paterson, New Jersey (the “Subject Property”). The offering consists of a 51,600-square-foot, multi-tenant industrial property situated on approximately 1.364 acres within the highly accessible Route 46/23/3-I industrial submarket. The Subject Property is 100% leased to a diverse roster of industrial tenants, providing investors with existing in-place income while shorter-term leases create the opportunity to capture future mark-to-market rental growth as leases roll. The combination of stabilized occupancy, multiple tenancy, and an infill location provides a compelling balance of current cash flow and longer-term value creation potential. Originally constructed in 1920 and fully renovated in 2022, the Class B industrial facility consists of one- and partial two-story improvements with functional configurations capable of accommodating a variety of industrial and commercial users. The building features six drive-in doors, five dock-high loading doors, clear ceiling heights ranging from approximately 14 to 24 feet, and approximately 6% office space. Reinforced concrete foundations and brick/block masonry construction further support the property's durable industrial functionality. The property's strategic infill location provides excellent regional connectivity, with convenient access to Routes 4, 17, 23 and 46, as well as Interstates 80 and 95. This transportation network allows tenants to efficiently serve customers and markets throughout Northern New Jersey, New York City and the broader Tri-State region. The surrounding Passaic County labor pool, together with nearby retail, restaurants and other amenities, further enhances the property's appeal to both existing and prospective tenants. With limited available industrial product in the surrounding market, 730-736 Madison Avenue offers investors the opportunity to acquire a fully occupied, renovated multi-tenant industrial asset with in-place income, diversified tenancy, functional loading capabilities and future mark-to-market potential in a supply-constrained Northern New Jersey infill location.