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900 Durham Ave
South Plainfield, NJ 07080

Industrial Property For Sale

PROPERTY FACTS

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

PROPERTY TAXES

Parcel Number
22-00528-0000-00046-10
Land Assessment
$433,900
Improvements Assessment
$366,100
Total Assessment
$800,000

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

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