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152 Route 206
Hillsborough, NJ 08844

Building 2 · Property For Lease

Property Overview

This property is unique to the market.. The balance of the building which is is 590,000 Sq. Ft. can be delivered nine months from a signed lease. In addition, to the 189 trailers and 605 car parking spots that are part of the new building there is 20 acres there is 32+/- acres available for laydown space \trailer storage\ outside storage with rail that can be subdivided and leased separately from the building. available for outside storage. In addition to that, there is the capability of creating a 90 car rail storage yard. NS services this property and is capable of delivering 60 rail cars a day with 6 day a week service. The property is toll free and equidistant to the ports as it relates to Exit 8a of the NJ Turnpike The building is located on federal government property. As a result, the town of Hillsborough has no tax assessment or collection rights. The ownership makes a voluntary tax payment to the town. The projected Tax and Cam payment for the entire 1.2 MM Sq. Ft. industrial park inclusive of the new building per the attached 2018 budget is $1.07 p.s.f. The landlord is using an estimate of $1.35 p.s.f. to allow for a potential increase in operating costs for the new building not a reassessment by the town. Total Available: is 590,000 SF Smallest Space: 169,00 SF Max Contig: is 590,000 SF Space Use: Industrial Rent/SF/yr: tbd SubType: Distribution Expenses: 2018 Taxes & Cam are $1.35 p.s.f. there is 32+/- acres available for lay-down space \trailer storage\ outside storage with rail that can be subdivided and leased separately from the building. Parking: 605 Surface Spaces are available; 189 Industrial Trailer Spaces are available; Ratio of 0.81/1,000 SF Class A Industrial

PROPERTY FACTS

Property Type Industrial
Property Subtype
Distribution
  • Industrial Warehouse
Rentable Building Area 338,954 SF
Year Built 2018

Utilities

  • Gas
  • Listing ID: 6636631

  • Date on Market: 4/5/2017

  • Last Updated:

  • Address: 152 Route 206, Hillsborough, NJ 08844

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