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45 Rosenhayn Ave
Bridgeton, NJ 08302

Industrial Property For Sale

PROPERTY FACTS

Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
Building Class B
Lot Size 29.30 AC
Rentable Building Area 221,000 SF
No. Stories 1
Year Built 1978
Tenancy Single
Clear Ceiling Height 20’
No. Dock-High Doors/Loading 10
No. Drive In / Grade-Level Doors 3

AMENITIES

  • Fenced Lot
  • Yard

UTILITIES

  • Lighting - Fluorescent
  • Gas - Natural
  • Sewer - City

ABOUT 45 ROSENHAYN AVE , BRIDGETON, NJ 08302

The tenant is a company called Gerber, which is a division of Globe Union America, which is a subsidiary of Taiwan-based Globe Union Industrial (publicly traded on the Taiwan Stock Exchange and founded in 1979). They are primarily engaged in the manufacturing of vitreous Chinese plumbing fixtures, earthenware fittings and bathroom accessories. The original lease term began on October 1, 2008 and expired on September 30, 2014. There was an addendum that was signed upon the original lease expiration that extended the lease for 4 years. The second amendment, which is the current lease term, began October 1, 2018 and expires September 30, 2022. Tenant has the option to reduce its space by 40K SF with 3 months’ notice. Should tenant exercise that option, current ownership will guarantee the potential loss of income. Taxes are the only expenses that are billed to tenant. October 1, 2019: $512,360 October 1, 2020: $522,910 October 1, 2021: $533,460

PROPERTY TAXES

ZONING

Zoning Code LM (Light Manufacturing)
  • Listing ID: 16510923

  • Date on Market: 7/2/2019

  • Last Updated:

  • Address: 45 Rosenhayn Ave, Bridgeton, NJ 08302