1 Ironside Ct 53,970 SF 100% Leased Industrial Building Willingboro, NJ 08046 For Sale

The Geller Group of Marcus & Millichap Real Estate Investment Services has been exclusively retained by the seller to present the opportunity to acquire 1 Ironside Court (The Subject Property) to qualified investors. The +/-53,907 SF industrial building set on +/-9 AC is in Willingboro, New Jersey's Burlington submarket. The Portfolio is 52% occupied and leased to 2 tenants with a lease term remaining of 1.1 and 4.5 years respectively.
The improving Burlington submarket is experiencing 8.1% vacancy for industrial product with 1.9 million SF under construction currently. This represents a 40% decline YOY which should contribute to continued lower vacany rates as industrial leasing takes place. The Property's location falls between County Rd 130 (Burlington Pike), 7, 206, Hwy 70, 73 & 38, as well as the North/South Interstate I-295 & I-95 and I-195 interchange. Its location provides immediate access to the Philadelphia area population as well as national connectivity through I-95. The Burlington submarket provides a deep and diverse set of labor supporting the multiple industries in the area.
This highly functional industrial building set on +/-5.52 AC with ample outdoor parking & storage includes multiple warehouse spaces comprised on average of +/-23,420 SF (section 1) and +/-27,880 SF (section 2). The buildings amenities include 2 (1) Ton cranes, 13.5'-22.2' foot clear heights, 11 loading dock's, 2 Drive-in's, multiple demised warehouse spaces, bathrooms and offices for multiple tenants. An additional +/-3.48 AC of land is available for future expansion and development.
The property’s location allows employees immediate access to many amenities, retail and
restaurant options, and ease of access from anywhere in the Willingboro, NJ MSA.