This property is Off-Market

843 Route 12
Frenchtown, NJ 08825 ·

89,800 SF · Office For Sale

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Office Property For Sale

Price N/A Cap Rate 6.50%
Building Size 89,800 SF No. Stories 1
Property Type Office Building Class A
Property Sub-type Office-Warehouse Tenancy Multiple
Property Use Type Investment Year Built 2007
Distressed Yes Lot Size 37.93 AC
Listing ID: 18361233 Date Created: 09/17/2013 Last Updated: 11/19/2013

Description

The subject asset is a 89,800 SF office/warehouse flex building located in Kingwood, NJ. The building, completed in 2007, offers twenty-four (24) units ranging from 2,750 SF to 11,350 SF and each unit features 750 SF of furnished office space with the balance being warehouse space. The building has gas-fired, forced hot air heat and central air conditioning in the office space and gas-fired space heaters in the warehouse area. It is fully protected by a wet sprinkler system and each unit has a three-phase, 200-amp electrical service. The warehouse space has 21' clear ceilings and each unit features either 1 drive-in door or 1 loading dock.

Bids are due by 12:00 pm on Wednesday, November 6.

The subject lot, measuring 1,652,231 SF or 37.93 acres, features ample parking with over 250 lined spaces. It is conveniently located 5.6 miles from the New Jersey/Pennsylvania border, 6.4 miles from Route 202 and 10 miles from Route 22/I-78.

Research

843 Route 12, Frenchtown, NJ 08825 (Hunterdon County)

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