11 Cotters Ln
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11 Cotters Ln
15,000 SF Industrial Building East Brunswick, NJ 08816 $4,800,000 ($320/SF)
Investment Highlights
- ±15,000 SF Industrial Warehouse on 2.85 Acres
- Prime Visible Location Facing the NJTP
- Stable Long Term Tenant w/ NNN Lease
- Potential Expansion for added 10k SF Warehouse and Parking
Executive Summary
PRICE REDUCED: NOW $4,800,000: 11 Cotters Lane is available for sale for the first time. This prestigious headquarters of Gold Medal Service faces the New Jersey Turnpike, and has high visibility from both directions. Sitting on 2.85 Acres of Industrially Zoned Land, the existing building totals ±15,000 SF with parking in front for 25+ cars and parking in rear for vehicles, equipment storage and supplies.
Gold Medal has recently renewed their lease, making this a great investment for any purchaser looking to acquire stable industrial properties anchored with strong tenancies. (Financial details available upon request).
In addition, the current improvements comprise about half of the property. There is potential to expand the footprint of the building by an additional ±10,000 SF and the parking by an added ±30 spots. (See attached concept plan and aerial view outlining the area of the property ideal for expansion.)
Ideal Uses: The property is an ideal stable investment. The tenant’s have been located at the property for 18+ years and in business for 25+ years and are one of the top service companies in New Jersey. The additional land and potential to add value to the property make it ideal for Industrial Developers looking to acquire approvals for the expansion, build it, and lease It for added income, increasing the value of the property and the NOI.
Property Features:
• Existing Building: ±15,000 SF on One Level
• 2.85 Acres in the PI Zone (Planned Industrial)
• Current Parking for 25+ Cars plus Rear Parking for Vehicles and Equipment Storage.
• Prime Location Facing the NJTP with Massive Visibility
• Stable Tenant w/ Long Track Record and Recent Lease Renewal
• Value-Add: 1+ Acre of Developable Industrial Land for Possible 10k SF Expansion
• Ideal for Investment, Development, or Owner Occupier
• Real Estate Taxes: $41,429 per year
• Asking Price: $4,800,000
• CAP Rate: 6%
This is a trophy property with a great tenant in a prime location. Call Listing Broker for more information or to schedule a tour of the property.
Gold Medal has recently renewed their lease, making this a great investment for any purchaser looking to acquire stable industrial properties anchored with strong tenancies. (Financial details available upon request).
In addition, the current improvements comprise about half of the property. There is potential to expand the footprint of the building by an additional ±10,000 SF and the parking by an added ±30 spots. (See attached concept plan and aerial view outlining the area of the property ideal for expansion.)
Ideal Uses: The property is an ideal stable investment. The tenant’s have been located at the property for 18+ years and in business for 25+ years and are one of the top service companies in New Jersey. The additional land and potential to add value to the property make it ideal for Industrial Developers looking to acquire approvals for the expansion, build it, and lease It for added income, increasing the value of the property and the NOI.
Property Features:
• Existing Building: ±15,000 SF on One Level
• 2.85 Acres in the PI Zone (Planned Industrial)
• Current Parking for 25+ Cars plus Rear Parking for Vehicles and Equipment Storage.
• Prime Location Facing the NJTP with Massive Visibility
• Stable Tenant w/ Long Track Record and Recent Lease Renewal
• Value-Add: 1+ Acre of Developable Industrial Land for Possible 10k SF Expansion
• Ideal for Investment, Development, or Owner Occupier
• Real Estate Taxes: $41,429 per year
• Asking Price: $4,800,000
• CAP Rate: 6%
This is a trophy property with a great tenant in a prime location. Call Listing Broker for more information or to schedule a tour of the property.
Property Facts
| Price | $4,800,000 | No. Stories | 1 |
| Price Per SF | $320 | Year Built/Renovated | 1972/2005 |
| Sale Type | Investment or Owner User | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 3/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 18 FT |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 2.85 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 15,000 SF |
| Price | $4,800,000 |
| Price Per SF | $320 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 2.85 AC |
| Rentable Building Area | 15,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1972/2005 |
| Tenancy | Single |
| Parking Ratio | 3/1,000 SF |
| Clear Ceiling Height | 18 FT |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
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PROPERTY TAXES
| Parcel Number | 04-00029-04-00003 | Improvements Assessment | $267,800 |
| Land Assessment | $98,700 | Total Assessment | $366,500 |
PROPERTY TAXES
Parcel Number
04-00029-04-00003
Land Assessment
$98,700
Improvements Assessment
$267,800
Total Assessment
$366,500
zoning
| Zoning Code | P-I, East Brunswick |
| P-I, East Brunswick |
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