THE PROPERTIES
Located on 1.x acres at 5 Willow St in Moonachie, New Jersey, this property is nearly 7,000 square feet of warehouse/production/office space with a fully built out ghost kitchen and refrigeration. Just blocks from Teterboro Airport, this catering prep kitchen and warehouse is perfectly positioned for in-flight catering and support to the extremely busy private airport. This property is also moments from I-80, I-95/NJT, Route 46, Route 17, and Route 3, making it a strong base of operations for companies serving the New York City and Northern New Jersey. The property has two drive-in doors, and great storage. This property was acquired with a short term lease in place, offering an opportunity to realize market value upon expiration.
Locate on XX Acres at 7040 Colonial Highway in Pennsauken, NJ, in a highly desirable industrial park, the property is approximately 24,000 square feed of flex production/distribution space and offers immediate access to US Route 130 and the Betsy ROss bridge along with very easy access to multiple interested distribution arteries within a 15 minute drive. This space features office space in the front, Two front facing loading docks on the right side of the building, and two large warehouse sections in the rear, along with ample parking in the rear and on the side of the building. Currently it is a printing operation, which was part of a sale/leaseback strategy for the tenant. This building will undergo a capex improvement program prior to releasing upon expiration of its current lease.
Located on 1.21 acres at 807 Sherman Avenue in Pennsauken, NJ, the property is 15,000 square feet of manufacturing/distribution space and offers near immediate access to US Route 130 and the Betsy Ross Bridge along with easy access to multiple interstate distribution arteries within a 15-minute drive. It features 800 square feet of office space, four tailgate loading docks, 8” concrete floors, and 25 marked surface spaces. This building was acquired vacant, and will go through a substantial capex plan of roof, lighting, and office improvements prior to leasing.
These 3 buildings are located on 4.27 acres and cumulatively are more than 71,000 square feet in Phillipsburg, NJ. Just 5 minutes from US Route 22, 10 minutes from I-78, and 20 minutes from I-80, this facility offers last mile distribution to the New York/Philly/PA Markets. With a total of 8 docks and 6 drive-ins as well as tons of outside storage space, this building was mainly stabilized with the 2 larger buildings which account for more than 90% of the total space being fully occupied on long term leases. The Stockton building is a 4,000+ square foot building acquired vacant, and offers some short term upside to the investment.
This is a 30,000 square foot industrial warehouse and outdoor storage space which was acquired in September of 2022. This property can support single tenant or up to three 10,000 sq foot tenant spaces. This property was acquired vacant and needed some substantial rehabilitation. A new roof was installed, LED lighting throughout, and substantial external repairs were made in order to lease up and realize the full property value. With 16' ceilings, 5 overhead drive-in doors, a lovely office build out, over 5 acres of total land, and ample outdoor parking and storage space, this property is well situated to access 46, I-80, and Rt-23 in moments. It also has good access to the I-287 and I-95 corridors, with its close proximity to New York CIty. This strong class B asset offered great value add opportunity, and was quickly executed.
A trophy building in desirable Morristown, NJ this condoed building has 5 units occupying 12,000 of the total 18,000 sq feet of the complex. This Medical office complex is a Class A asset with elevator and large parking lot. On the main corridor and situated near 2 major hospitals, its space is incredibly desirable. This property was acquired below market value, and boasts strong cash flow returns to investors and has an excellent outlook for long term appreciation.
100, 200, 300 Overlook Dr. Monroe, NJ
Another trophy complex in Monroe, NJ, the Pondview complex is comprised of three single story buildings. Tenants in this property include Fortune level enterprise Davita Dialysis as well as regional players Hackensack Meridian and Parker Adult Day Care. This property is incredibly pleasing both to the eye and investor with incredibly high cash returns, and was acquired substantially below market value. All leases here are triple net plus management fee, leaving investors bearing no cost of management.
SOLD
This was our first joint venture. This is a 5,800 sq foot retail center on the main drag of Bergenfield, NJ. With stabilized long term leases, the building was acquired at market value with a value added opportunity to substantially increase rental income at the end of current leases. Upon reset to 85% of market rents this property will increase by approximately 20% in value, an estimated 70% increase from principal down payment, in addition to the nominal cash returns drawn by investment group during the current leases.
Woodbine Center is a 60,000 square foot 17 unit multi-tenanted industrial property located in Bergenfield, NJ. Situated in the heart of southern Bergen County with close access to the broader metro NYC area. Built in 1970 with a single story sitting on two acres, the property has multiple loading docks, and many drive in doors supporting small to medium sized businesses. Having purchased with sub-market rents and mostly gross leases, SNS is repositioning the building by marking to market both rents and engaging new leasing as triple net leases. This building is a strong Class B industrial asset in one of the hottest markets in the country.
This Industrial complex is one ~60,000 square foot multi tenanted property located in Pennsauken, NJ. Just minutes from Philadelphia, PA, it offers quick access to that market to three tenants. It is situated in the center of a 2 Million Square foot industrial park, and has loading docks for each tenant space. Having purchased this property with below market leases, SNS will reposition the building by marking rents to market and engaging new leasing into triple net leases. This Strong Class B industrial Asset sits in a high demand, and ultra low vacancy market, where few buildings trade.