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2200 Cottontail Ln 57,502 SF 100% Leased Office Building Somerset, NJ 08873 $14,999,000 ($260.84/SF)
Executive Summary
2200 Cottontail Lane presents a unique opportunity to purchase a ±52,336 SF property on one level. Located minutes from the the Weston Canal Rd entrance to Route 287, the property has quick access to the NJTP, Ports, NYC and Philadelphia. Located in the expansive Industrial/Office Sector of Franklin Township, the property is zoned B-I (Business and Industry).
Ideal/Permitted Uses Include: General Office, Laboratory, Banquet Facility, Hotel, Data Center, Light Manufacturing, Self Storage, Indoor Recreation, Cannibas Manufacture or Wholesale, etc.
The property is surrounded by Distribution Warehouses, and would be ideal for conversion to a variety of Industrial Uses such Product Storage, Manufacturing, Warehousing, Import/Export, or a wide variety of Industrial Uses.
The property is currently a private school with approvals in place for educational uses and is built out as a school. It has a generous amount of car parking and spaces lined for Buses, which could be re-striped for added car parking or commercial vehicle/ truck parking. It is currently tenant occupied with New Road School as a NNN lease with 2 years left on the existing lease and significant rental income. There is potential to deliver the property vacant for an owner user.
Property Features:
• ±52,336 SF on One Level
• Parking for 118 Cars and 12 Buses (or Trucks/ Vans)
• ± 5 Total Acres
• Zoned B-I (Business and Industry)
• Ideal for Conversion to Industrial Uses
• Wide range of Permitted Uses
• Existing Tenant w/ Strong NNN Income or Delivered Vacant
• Accessible Location minutes from Route 287
• 1 Existing Loading Drive-In Door
• Heavy Power
• Full Commercial Kitchen
• Large Open Rooms & Wide Open Floorplan
• Turn-Key for a Private, Charter, Technical or Special Needs School
• Ceilings are 16’ to the Beam and 17’ to the Deck
• Large Chillers On-SIte for Heating and Cooling
• Real Estate Taxes: $150,894 per year
• Asking Price: $14,999,000
Please call Broker for more information or to schedule a showing. Due to the existing tenant, showings must be coordinated around their hours of operation.
Ideal/Permitted Uses Include: General Office, Laboratory, Banquet Facility, Hotel, Data Center, Light Manufacturing, Self Storage, Indoor Recreation, Cannibas Manufacture or Wholesale, etc.
The property is surrounded by Distribution Warehouses, and would be ideal for conversion to a variety of Industrial Uses such Product Storage, Manufacturing, Warehousing, Import/Export, or a wide variety of Industrial Uses.
The property is currently a private school with approvals in place for educational uses and is built out as a school. It has a generous amount of car parking and spaces lined for Buses, which could be re-striped for added car parking or commercial vehicle/ truck parking. It is currently tenant occupied with New Road School as a NNN lease with 2 years left on the existing lease and significant rental income. There is potential to deliver the property vacant for an owner user.
Property Features:
• ±52,336 SF on One Level
• Parking for 118 Cars and 12 Buses (or Trucks/ Vans)
• ± 5 Total Acres
• Zoned B-I (Business and Industry)
• Ideal for Conversion to Industrial Uses
• Wide range of Permitted Uses
• Existing Tenant w/ Strong NNN Income or Delivered Vacant
• Accessible Location minutes from Route 287
• 1 Existing Loading Drive-In Door
• Heavy Power
• Full Commercial Kitchen
• Large Open Rooms & Wide Open Floorplan
• Turn-Key for a Private, Charter, Technical or Special Needs School
• Ceilings are 16’ to the Beam and 17’ to the Deck
• Large Chillers On-SIte for Heating and Cooling
• Real Estate Taxes: $150,894 per year
• Asking Price: $14,999,000
Please call Broker for more information or to schedule a showing. Due to the existing tenant, showings must be coordinated around their hours of operation.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
57,502 SF
Building Class
C
Year Built
1985
Price
$14,999,000
Price Per SF
$260.84
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
52,336 SF
Building FAR
0.26
Lot Size
5.00 AC
Zoning
B-I - Zoned B-I (Business and Industry)
Parking
70 Spaces
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 08-00517-02-00019-01 | Improvements Assessment | $5,800,000 |
| Land Assessment | $2,500,000 | Total Assessment | $8,300,000 |
Property Taxes
Parcel Number
08-00517-02-00019-01
Land Assessment
$2,500,000
Improvements Assessment
$5,800,000
Total Assessment
$8,300,000
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2200 Cottontail Ln
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