Kennicott Brothers Company

 Paramus, NJ

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Prime Real Estate

50,000 sqft

Householdincome - white-02-1

Avg HH Income




560K+ (5 MI)

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  • Prime Real Estate - The 50,000sqft facility sits on 5 acres of land less than 20 miles from Newark, NJ and New York City. This presents multiple value add opportunities for new owners.  
  • Easy Access - Proximity to the Garden State Parkway, State Route 4 and State Route 7 gives the facility easy access to I-80 and I-95, creating a multitude of options for inbound and outbound shipments making it an ideal distribution or logistics center.
  • Green Energy - Installed in 2019, along with the new roof, the facility is equipped with solar panels that improve the overall carbon footprint and reduce utility costs for tenants. 
  • Strong Demographics - The subject property is surrounded by a population of 560,512 within a 5-mile radius and an average household income of $138,919 in the same radius.
  • Corporate Guarantee - The lease is guaranteed by the Kennicott Brothers Company, which was established in 1881 and has a total net worth of $95 million (as of FY2021) and an annual of $1.9 million (as of FY2021). 
  • Annual Rent Escalations - This facility has a current NOI of $283,560. In March of 2024, upon exercising the remaining 5-year option, the rent will increase to $289,170 and will continue to increase by 2% annually for the remainder of the term (see rent schedule for details). 

Exclusively Listed By

Jason Maier

Senior Vice President      646.841.0627
NJ Broker License #1537436

Shaan Dadlani

Associate, Investment Sales      646.845.8426

Ashley Wilhide

Operations Analyst      646.845.8424

Jeannette Harris

Operations Analyst      918.794.9534


120 W 45th St, Suite 2610
New York City, NY 10036
P: +1 646.778.5560