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900 Durham Ave
South Plainfield, NJ 07080
Industrial Property For Sale
PROPERTY FACTS
Property Type | Industrial | Year Built | 1973 |
Property Subtype | Warehouse | Tenancy | Single |
Building Class | B | Parking Ratio | 2.52/1,000 SF |
Lot Size | 3.52 AC | No. Dock-High Doors/Loading | 1 |
Rentable Building Area | 31,800 SF | No. Drive In / Grade-Level Doors | 2 |
No. Stories | 1 |
Property Type | Industrial |
Property Subtype | Warehouse |
Building Class | B |
Lot Size | 3.52 AC |
Rentable Building Area | 31,800 SF |
No. Stories | 1 |
Year Built | 1973 |
Tenancy | Single |
Parking Ratio | 2.52/1,000 SF |
No. Dock-High Doors/Loading | 1 |
No. Drive In / Grade-Level Doors | 2 |
About 900 Durham Ave , South Plainfield, NJ 07080
This single-tenant flex building is being offered for sale as a three year sale-leaseback transaction. Situated directly at Exit 4 at I-287 and Durham Avenue and minutes from the I-95 corridor, the property consists of 31,800± SF of warehouse, office and pharmaceutical production space. While GE Healthcare intends to remain in the space for the next three years, the space can be easily repositioned in the future for a wide variety of potential uses, including industrial, retail, office and biotech. The property also offers substantial power, multi zone HVAC system and numerous other amenities such as ample parking and loading areas. 900 Durham Avenue sits at a strategic interchange on Interstate 287 in Central New Jersey on the South Plainfield/Edison border. The one to two mile radius area around the building has seen significant redevelopment over the past three to five years, including multifamily residential redevelopment from former brownfields industrial sites and many examples of conversion from industrial use to retail service, recreational and office uses. Thise site, virtually at the Interchange, would be a good long-term redevelopment candidate following GE’s sale-leaseback expiration. The three years remaining would offer potential investors the opportunity to purchase a cash flowing asset with a high return while having substantial time to find a new tenant or reposition the property for future use.
PROPERTY TAXES
Parcel Number | 22-00528-0000-00046-10 | Improvements Assessment | $366,100 |
Land Assessment | $433,900 | Total Assessment | $800,000 |
PROPERTY TAXES
zoning
Zoning Code | M-2 |
M-2 |
Listing ID: 11564411
Date on Market: 2/12/2018
Last Updated:
Address: 900 Durham Ave, South Plainfield, NJ 07080
The Industrial Property at 900 Durham Ave, South Plainfield, NJ 07080 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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