NJ Warehouse for Sale -1st Time Deep Discount | 745 Joyce Kilmer Ave
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NJ Warehouse for Sale -1st Time Deep Discount 745 Joyce Kilmer Ave
138,000 SF 100% Leased Industrial Building New Brunswick, NJ 08901 For Sale 7.20% Cap Rate
Executive Summary
745 Joyce Kilmer Avenue, New Brunswick, NJ 08901
1st TIME DEEPLY DISCOUNTED - CONSIDERING QUALIFIED OFFERS ~$20 MILLION
CONTACT EXCLUSIVE BROKER FOR DETAILS
OFFERED FOR SALE - Fee Simple Delivered Vacant, or Sale / Leaseback, All or Part.
Leaseback Portion Guaranteed Cap Rate 7.2% for 2 years.
Lot Size: 10.7 Acres
Property Size: 138,000 SF (127,280 1st Floor)
Construction: Masonry
Ceiling Heights: 13–24 Ft. (Average: ~17.6 Ft)
Loading: 8 Loading Docks / 6 Drive-In Bays. More Possible.
Location: ~35 minutes from Port Elizabeth.
~45 minutes from Brooklyn or Manhattan
Heavy Power: 4,000 Amps / 480 Volts / 3 Phase
Sprinkler System: Wet
Water: City
Sewer: City
Heating: Natural Gas
Zoning: I-1
Seller Financing Available to qualified borrowers: 50% LTV, Interest only @ 6% Interest, Initial Term 5 Years.
Located in a U.E.Z. (Urban Enterprise Zone) that provides tax and other benefits.
Taxes: 2024 Actual: $1.16 PSF
Year Built/Renovated: 1930/ Renovated 2007
Complete Offices Build out. / HVAC
Capital Improvement: 1st Qtr. 2024 - Over $250,000. at cost by NJ State, replaced all lighting with hi-efficiency, long life LEDs., Indoor and Outdoor, Warehouse and Offices. Phone App Adjustable Motion Sensors in Industrial and Storage Areas.
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.
Maurice@Greiner-Maltz.com
Cell: 646-320-4254
Direct Office: 212-768-0555
Office: 718-786-5050, x 208
Introducing an incredible opportunity at JOYCE KILMER AVENUE, in very desirable New Brunswick, New Jersey! This industrial campus boasts a massive 138,000 SF warehouse on 10.7 acres of prime real estate. The property is currently fully leased but offers the flexibility to be delivered vacant or with a 7.2% CAP rate for 2 years on Leaseback portion.
Conveniently located just 35 minutes from the Port of NY&NJ this property provides easy access to major transportation hubs, and is only 45 minutes from Manhattan or Brooklyn. Additionally, with planned development options for high ceiling standalones for additional square footage, there is immense potential for growth and customization.
NOW PRICED WELL BELOW MARKET, ALL QUALIFIED OFFERS CONSIDERED.
The property's positioning in an urban enterprise zone opens the door to low-cost financing opportunities for interested parties. Don't miss the chance to own a piece of this thriving industrial hub in a strategic location. Contact our exclusive agent today for more information on this exceptional property at 745 JOYCE KILMER AVENUE, NEW BRUNSWICK, NJ 08901
1st TIME DEEPLY DISCOUNTED - CONSIDERING QUALIFIED OFFERS ~$20 MILLION
CONTACT EXCLUSIVE BROKER FOR DETAILS
OFFERED FOR SALE - Fee Simple Delivered Vacant, or Sale / Leaseback, All or Part.
Leaseback Portion Guaranteed Cap Rate 7.2% for 2 years.
Lot Size: 10.7 Acres
Property Size: 138,000 SF (127,280 1st Floor)
Construction: Masonry
Ceiling Heights: 13–24 Ft. (Average: ~17.6 Ft)
Loading: 8 Loading Docks / 6 Drive-In Bays. More Possible.
Location: ~35 minutes from Port Elizabeth.
~45 minutes from Brooklyn or Manhattan
Heavy Power: 4,000 Amps / 480 Volts / 3 Phase
Sprinkler System: Wet
Water: City
Sewer: City
Heating: Natural Gas
Zoning: I-1
Seller Financing Available to qualified borrowers: 50% LTV, Interest only @ 6% Interest, Initial Term 5 Years.
Located in a U.E.Z. (Urban Enterprise Zone) that provides tax and other benefits.
Taxes: 2024 Actual: $1.16 PSF
Year Built/Renovated: 1930/ Renovated 2007
Complete Offices Build out. / HVAC
Capital Improvement: 1st Qtr. 2024 - Over $250,000. at cost by NJ State, replaced all lighting with hi-efficiency, long life LEDs., Indoor and Outdoor, Warehouse and Offices. Phone App Adjustable Motion Sensors in Industrial and Storage Areas.
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.
Maurice@Greiner-Maltz.com
Cell: 646-320-4254
Direct Office: 212-768-0555
Office: 718-786-5050, x 208
Introducing an incredible opportunity at JOYCE KILMER AVENUE, in very desirable New Brunswick, New Jersey! This industrial campus boasts a massive 138,000 SF warehouse on 10.7 acres of prime real estate. The property is currently fully leased but offers the flexibility to be delivered vacant or with a 7.2% CAP rate for 2 years on Leaseback portion.
Conveniently located just 35 minutes from the Port of NY&NJ this property provides easy access to major transportation hubs, and is only 45 minutes from Manhattan or Brooklyn. Additionally, with planned development options for high ceiling standalones for additional square footage, there is immense potential for growth and customization.
NOW PRICED WELL BELOW MARKET, ALL QUALIFIED OFFERS CONSIDERED.
The property's positioning in an urban enterprise zone opens the door to low-cost financing opportunities for interested parties. Don't miss the chance to own a piece of this thriving industrial hub in a strategic location. Contact our exclusive agent today for more information on this exceptional property at 745 JOYCE KILMER AVENUE, NEW BRUNSWICK, NJ 08901
Data Room Click Here to Access
- Market Information
- Third Party Reports
Property Facts
Amenities
- 24 Hour Access
- Mezzanine
- Yard
- Accent Lighting
- Air Conditioning
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Connected buildings. Very Bright spaces with all new LED Lights, with sensors recently installed. Tenant responsible for their own Insurance, Internal maintenance and cleaning, and outside maintenance and cleaning around their Docks, areas and Doors. Term negotiable, 3 Yr minimum.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 27,500 SF | Industrial | Full Build-Out | 60 Days |
1st Floor
| Size |
| 27,500 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| 60 Days |
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1st Floor
| Size | 27,500 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | 60 Days |
Connected buildings. Very Bright spaces with all new LED Lights, with sensors recently installed. Tenant responsible for their own Insurance, Internal maintenance and cleaning, and outside maintenance and cleaning around their Docks, areas and Doors. Term negotiable, 3 Yr minimum.
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PROPERTY TAXES
| Parcel Number | 13-00321-0000-00011-02 | Improvements Assessment | $4,767,300 |
| Land Assessment | $1,538,000 | Total Assessment | $6,305,300 |
PROPERTY TAXES
Parcel Number
13-00321-0000-00011-02
Land Assessment
$1,538,000
Improvements Assessment
$4,767,300
Total Assessment
$6,305,300
zoning
| Zoning Code | I-1 (Light Industrial Zone ie: Small Scale Construction Shops Factories for Consumer Goods, Food, Electronics, etc Storage and Distribution etc.) |
| I-1 (Light Industrial Zone ie: Small Scale Construction Shops Factories for Consumer Goods, Food, Electronics, etc Storage and Distribution etc.) |
-
Maurice Schemo -
Greiner-Maltz Company of New York, Inc.
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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NJ Warehouse for Sale -1st Time Deep Discount | 745 Joyce Kilmer Ave
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