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31 Farinella Dr

8,250 - 48,235 SF of Industrial Space Available in East Hanover, NJ 07936

Highlights

  • 31 Farinella Drive presents state-of-the-art industrial space in a brand-new building, offering 48,235 square feet across a warehouse and mezzanine.
  • Enjoy a trove of property specifications, inluding five truck-level doors with levelers, a 28-foot clear ceiling height, and ample surface parking.
  • Ready for occupancy in Q3 2024, with versatile I-3 zoning for potential R&D, warehouse, data, self-storage, light-industrial, and educational uses.
  • Surrounded by many amenities and located within a 30-minute drive from Downtown Newark, near convenient access to Interstates 80, 280, and 287.

Features

Drive In Bays
1

all available spaces(2)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Space Use
  • Condition
  • Available
  • 1st Floor
  • 39,985 SF
  • 5-10 Years
  • $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $66,642 /MO $799,700 /YR
  • Industrial
  • Shell Space
  • Now

Under construction, this property will feature 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, will recondition the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.

  • Lease rate does not include utilities, property expenses or building services
  • 1 Drive Bay
  • Can be combined with additional space(s) for up to 48,235 SF of adjacent space
  • Includes 8,500 SF of dedicated office space
  • High End Trophy Space
  • Mezzanine
  • 8,250 SF
  • 5-10 Years
  • $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $13,750 /MO $165,000 /YR
  • Industrial
  • Shell Space
  • Now

Under construction, this property will feature 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, will recondition the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.

  • Lease rate does not include utilities, property expenses or building services
  • 1 Drive Bay
  • Can be combined with additional space(s) for up to 48,235 SF of adjacent space
  • Includes 8,500 SF of dedicated office space
  • High End Trophy Space
Space Size Term Rental Rate Space Use Condition Available
1st Floor 39,985 SF 5-10 Years $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $66,642 /MO $799,700 /YR Industrial Shell Space Now
Mezzanine 8,250 SF 5-10 Years $20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $13,750 /MO $165,000 /YR Industrial Shell Space Now

1st Floor

Size
39,985 SF
Term
5-10 Years
Rental Rate
$20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $66,642 /MO $799,700 /YR
Space Use
Industrial
Condition
Shell Space
Available
Now

Mezzanine

Size
8,250 SF
Term
5-10 Years
Rental Rate
$20.00 /SF/YR $1.67 /SF/MO $215.28 /m²/YR $17.94 /m²/MO $13,750 /MO $165,000 /YR
Space Use
Industrial
Condition
Shell Space
Available
Now

1st Floor

Size 39,985 SF
Term 5-10 Years
Rental Rate $20.00 /SF/YR
Space Use Industrial
Condition Shell Space
Available Now

Under construction, this property will feature 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, will recondition the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.

  • Lease rate does not include utilities, property expenses or building services
  • Includes 8,500 SF of dedicated office space
  • 1 Drive Bay
  • High End Trophy Space
  • Can be combined with additional space(s) for up to 48,235 SF of adjacent space

Mezzanine

Size 8,250 SF
Term 5-10 Years
Rental Rate $20.00 /SF/YR
Space Use Industrial
Condition Shell Space
Available Now

Under construction, this property will feature 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, will recondition the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.

  • Lease rate does not include utilities, property expenses or building services
  • Includes 8,500 SF of dedicated office space
  • 1 Drive Bay
  • High End Trophy Space
  • Can be combined with additional space(s) for up to 48,235 SF of adjacent space

Property Overview

Developed by New Vernon Equities, 31 Farinella Drive is a brand-new, state-of-the-art industrial facility in East Hanover, New Jersey. The project features a 40,035-square-foot warehouse footprint with an additional 8,250 square feet of dedicated office space on the mezzanine. Slated for a Q3 2024 delivery, 31 Farinella Drive is available for single-tenant occupancy with a five-to-ten-year lease term. Versatile I-3 zoning allows for a wide variety of uses, such as warehouse, light industrial, R&D, data center, self-storage, and education possibilities. Capitalize on a 28-foot clear ceiling height and five truck-level doors with 40,000-pound mechanical dock levelers for each. Additional property features include 1,600-amp, 480-volt, 3-phase power, emergency lighting, an ESFR fire suppression system, and nearly 100 standard parking spaces. New Vernon Equities is the owner/developer of this property and the adjacent 30 Farinella, a completed and fully leased 75,500-square-foot bio-pharma manufacturing facility. The two buildings sit just off the Route 10 corridor, near many dining, retail, and entertainment amenities. Benefit from efficient travel to and from the property with easy access to Interstates 80, 280, and 287 and reach Downtown Newark within a 30-minute drive.

Industrial FACILITY FACTS

Building Size
48,235 SF
Lot Size
3.00 AC
Year Built
2024
Construction
Steel
Sprinkler System
ESFR

Marketing Brochure

DEMOGRAPHICS

Regional Accessibility

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
New York
8,398,748
34
1 h 0 m
Philadelphia
1,584,138
81
2 h 6 m
Washington
702,455
228
4 h 49 m
Boston
694,583
235
5 h 2 m
Columbus
892,533
534
10 h 2 m
Detroit
672,662
595
11 h 8 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
870,154
Total Labor Force
486,816
Unemployment Rate
3.87%
Median Household Income
$108,064
Warehouse Employees
63,141
High School Education Or Higher
93.70%

Nearby Amenities

Restaurants

Chili's - - 14 min walk
The Office Bar And Grill Asian - 15 min walk
Starbucks Cafe $ 15 min walk

Retail

AMC Cinema 12 min walk
Petco Animal Care/Groom 13 min walk

Hotels

Home2 Suites by Hilton
122 rooms
4 min drive
Sonesta Select
149 rooms
7 min drive

Leasing Team

Leasing Team

(973) 476-6101
Contact
Michael Mackessy, Partner
(973) 476-6101
Contact
Michael Mackessy is a Partner at New Vernon Equities.
(973) 610-4118
Contact
Peter Gilpatric, Partner
(973) 610-4118
Contact
Peter Gilpatric is a Partner at New Vernon Equities.

About the Owner

Read More
  • Listing ID: 30818227

  • Date on Market: 7/22/2022

  • Last Updated:

  • Address: 31 Farinella Dr, East Hanover, NJ 07936

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