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154 Tices Ln 10,070 SF Industrial Building East Brunswick, NJ 08816 $4,675,000 ($464.25/SF)
EXECUTIVE SUMMARY
FOR SALE: 154 Tices Lane presents a unique opportunity to purchase a desirable industrial/ office property in the center of New Jersey. The property comprises a total of ±1.89 Acres in the Planned Industrial section of East Brunswick. The existing building is ±10,070 SF and has been completed renovated and upgraded with high end finishes throughout. It features beautiful glass windowed offices, a large drive-in door, spacious warehouse and product storage area, and separate staff and employee restrooms. In addition, the property has an approximate acre of paved, fenced and secure parking, which is ideal for truck parking, fleet parking, or any large parking need.
There are also approved plans to build an additional 10,030 SF Industrial Warehouse (see attached Approval Plans). This additional Warehouse could be used for future expansion or leased to a Tenant for added income.
Ideal Uses: The property is ideal for any Warehouse or Industrial user with a heavy parking requirement, Contractors such as: Pest Control, Alarm, Sprinkler, HVAC, Plumbing, Electrician, Fleet Maintenance, Bus Company, Lab Company, Medical Facility, Closed Door Pharmacy, Corporate Headquarters, Adult Daycare, Special Needs Day Program, House of Worship, Training Center, or a range of Industrial, Medical or Professional Uses.
The property is well located on Tices Lane, just minutes from Routes 1 & 18 and the NJTP Exit 9 with easy access to anywhere in the State.
Property Description:
• Existing Building: ±10,030 SF on One Level
• ±1.89 Total Acres in the PI Zone (Planned Industrial)
• Currently Parking for 80-100 Vehicles On-Site (recently Paved and Fenced)
• Approvals to Build an Additional ±10,070 SF Industrial Warehouse
• Prime Location Minutes from the NJTP and Major Highways
• Existing Building has been completed renovated throughout and features:
• Glassed Private Offices, Multiple Bullpen Areas with Cubicles for Staff
• Large Meeting/ Training Area
• ±6,500 SF Air Conditioned Warehouse
• Large Drive in Door for Fleet Maintenance/Deliveries
• Real Estate Taxes: $37,815 per year
• Asking Price: $4,675,000
This is a one of a kind property in a prime area. It lends itself to a wide range of potential uses and is ideal for an owner occupier or investment and development. Call Listing Broker for more information or to schedule a tour of the property,
There are also approved plans to build an additional 10,030 SF Industrial Warehouse (see attached Approval Plans). This additional Warehouse could be used for future expansion or leased to a Tenant for added income.
Ideal Uses: The property is ideal for any Warehouse or Industrial user with a heavy parking requirement, Contractors such as: Pest Control, Alarm, Sprinkler, HVAC, Plumbing, Electrician, Fleet Maintenance, Bus Company, Lab Company, Medical Facility, Closed Door Pharmacy, Corporate Headquarters, Adult Daycare, Special Needs Day Program, House of Worship, Training Center, or a range of Industrial, Medical or Professional Uses.
The property is well located on Tices Lane, just minutes from Routes 1 & 18 and the NJTP Exit 9 with easy access to anywhere in the State.
Property Description:
• Existing Building: ±10,030 SF on One Level
• ±1.89 Total Acres in the PI Zone (Planned Industrial)
• Currently Parking for 80-100 Vehicles On-Site (recently Paved and Fenced)
• Approvals to Build an Additional ±10,070 SF Industrial Warehouse
• Prime Location Minutes from the NJTP and Major Highways
• Existing Building has been completed renovated throughout and features:
• Glassed Private Offices, Multiple Bullpen Areas with Cubicles for Staff
• Large Meeting/ Training Area
• ±6,500 SF Air Conditioned Warehouse
• Large Drive in Door for Fleet Maintenance/Deliveries
• Real Estate Taxes: $37,815 per year
• Asking Price: $4,675,000
This is a one of a kind property in a prime area. It lends itself to a wide range of potential uses and is ideal for an owner occupier or investment and development. Call Listing Broker for more information or to schedule a tour of the property,
PROPERTY FACTS
| Price | $4,675,000 | Lot Size | 1.89 AC |
| Price Per SF | $464.25 | Rentable Building Area | 10,070 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1973 |
| Property Subtype | Manufacturing | Parking Ratio | 4.97/1,000 SF |
| Building Class | C | Clear Ceiling Height | 16’ |
| Zoning | PI | ||
| Price | $4,675,000 |
| Price Per SF | $464.25 |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 1.89 AC |
| Rentable Building Area | 10,070 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 4.97/1,000 SF |
| Clear Ceiling Height | 16’ |
| Zoning | PI |
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PROPERTY TAXES
| Parcel Number | 04-00029-01-00001-12 | Improvements Assessment | $248,800 |
| Land Assessment | $66,200 | Total Assessment | $315,000 |
PROPERTY TAXES
Parcel Number
04-00029-01-00001-12
Land Assessment
$66,200
Improvements Assessment
$248,800
Total Assessment
$315,000
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