745 Joyce Kilmer Ave, New Brunswick, NJ 08901
138,000 SF | 100% Leased | Industrial Building | New Brunswick, NJ 08901 | For Sale | 7.20% Cap Rate
For Sale
Active
8 pictures
- Property Type
-
Industrial
Listing Contacts
Property Overview
745 Joyce Kilmer Avenue, New Brunswick, NJ 08901
NEW EXCLUSIVE BROKER - LOWER PRICE - MESSAGE FOR DETAILS
NOTE: ALMOST ALL 1 FLOOR. ONLY 8% ON 2ND FLOOR, IN 2 AREAS
Can be delivered Vacant, or with a 7.2% Cap Rate for 2 years.
Heavy Power: ~4,000 Amps, 480 Volts / 3 Ph.
Planned to increase to 13,000 Amps.
IDEAL FOR HIGH POWER NEEDS (DATA CENTERS, MANUFACTUING, CHARGING STATIONS, ETC)
Property Size: 138,000 SF.
Of which 127,280 SF is 1st Floor Space.
10,720 SF (Over 2 areas) is 2nd Floor Space
Offered for Sale - Fee Simple Delivered Vacant, or Sale Leaseback, as per buyer preference.
The property is 100% leased but can be delivered vacant on delivery or with a 7.2% CAP rate for 2 years.
Almost Completely Owner Occupied, so flexibility re availability.
Cap Rate guaranteed by Seller at 7.2% for 2 Years.
(Average Cap Rate for this sector and area, according to Costar, is 5.3%)
Located in an Urban Enterprise Zone that provides Low Cost Financing, & other benefits.
Seller Partial Financing Available to qualified borrowers: 50% LTV, Interest only @ 6% Interest, Initial Term 5 Years.
Only ~35 minutes from Port Elizabeth.
~45 minutes from Brooklyn or Manhattan
Property Size 138,000 SF (127,280 1st Floor)
Lot Size 10.7 Acres
8 Loading Docks / 6 Drive-In Bays
13–25 Ft Clear Ceiling Heights
Averaging ~17.6 Ft Ceiling Height
Construction Masonry
Heavy Power: 4,000 Amps
(Substation on premises, LOWER RATE)
Sprinkler System: Wet
Water: City
Sewer: City
Heating: Natural Gas
Year Built/Renovated: 1900/ 1930/ Renovated 2007
Zoning I-1
Over $250,000. improvement - 1st Qtr 2024 - JUST COMPLETED; Replaced all lighting with hi-efficiency, long life LEDs., Indoor and Outdoor, Warehouse and Offices. Brighter. Very Low Maintenance, Much Lower Costs, with Phone App Adjustable Motion Sensors in Industrial and Storage Areas.
Complete Offices Build out. / HVAC
Development Potential:
Engineers Plans prepared, not submitted for approval for;
- Expansion of existing building for 21,000 SF and 38,000 SF
- Free Standing plan for 125,000 SF or 151,000 SF High Ceiling Warehouse.
Contact Exclusive Agent:
Maurice Schemo
M & M Realty LLC
Greiner-Maltz of NY & NJ, Inc.
[email protected]
Cell: 646-320-4254
Direct Office: 212-768-0555
Office: 718-786-5050, x 208
NEW EXCLUSIVE BROKER - LOWER PRICE - MESSAGE FOR DETAILS
NOTE: ALMOST ALL 1 FLOOR. ONLY 8% ON 2ND FLOOR, IN 2 AREAS
Can be delivered Vacant, or with a 7.2% Cap Rate for 2 years.
Heavy Power: ~4,000 Amps, 480 Volts / 3 Ph.
Planned to increase to 13,000 Amps.
IDEAL FOR HIGH POWER NEEDS (DATA CENTERS, MANUFACTUING, CHARGING STATIONS, ETC)
Property Size: 138,000 SF.
Of which 127,280 SF is 1st Floor Space.
10,720 SF (Over 2 areas) is 2nd Floor Space
Offered for Sale - Fee Simple Delivered Vacant, or Sale Leaseback, as per buyer preference.
The property is 100% leased but can be delivered vacant on delivery or with a 7.2% CAP rate for 2 years.
Almost Completely Owner Occupied, so flexibility re availability.
Cap Rate guaranteed by Seller at 7.2% for 2 Years.
(Average Cap Rate for this sector and area, according to Costar, is 5.3%)
Located in an Urban Enterprise Zone that provides Low Cost Financing, & other benefits.
Seller Partial Financing Available to qualified borrowers: 50% LTV, Interest only @ 6% Interest, Initial Term 5 Years.
Only ~35 minutes from Port Elizabeth.
~45 minutes from Brooklyn or Manhattan
Property Size 138,000 SF (127,280 1st Floor)
Lot Size 10.7 Acres
8 Loading Docks / 6 Drive-In Bays
13–25 Ft Clear Ceiling Heights
Averaging ~17.6 Ft Ceiling Height
Construction Masonry
Heavy Power: 4,000 Amps
(Substation on premises, LOWER RATE)
Sprinkler System: Wet
Water: City
Sewer: City
Heating: Natural Gas
Year Built/Renovated: 1900/ 1930/ Renovated 2007
Zoning I-1
Over $250,000. improvement - 1st Qtr 2024 - JUST COMPLETED; Replaced all lighting with hi-efficiency, long life LEDs., Indoor and Outdoor, Warehouse and Offices. Brighter. Very Low Maintenance, Much Lower Costs, with Phone App Adjustable Motion Sensors in Industrial and Storage Areas.
Complete Offices Build out. / HVAC
Development Potential:
Engineers Plans prepared, not submitted for approval for;
- Expansion of existing building for 21,000 SF and 38,000 SF
- Free Standing plan for 125,000 SF or 151,000 SF High Ceiling Warehouse.
Contact Exclusive Agent:
Maurice Schemo
M & M Realty LLC
Greiner-Maltz of NY & NJ, Inc.
[email protected]
Cell: 646-320-4254
Direct Office: 212-768-0555
Office: 718-786-5050, x 208
Property Details
- Class
- C
- Year Built/Renovated
- 1930/2007
- Stories
- 1
- Property Subtype
- Distribution, Manufacturing, Office Live/Work Unit
- Lot Size (sq. ft)
- 466,092 SF
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