281 Squankum Rd 33,990 SF 4-Star Flex Building Farmingdale, NJ 07727 $7,000,000 ($205.94/SF)

281 Squankum Road offers owner-operators and value-add investors the opportunity to control a highly functional 16.81-acre industrial property in Monmouth County. Six existing buildings total approximately 33,990 SF, including a 13,090 SF showroom and office headquarters completed in 2023, 3,300 SF of office and repair space, and four separate 4,400 SF warehouse buildings. The site includes approximately 143,600 SF, or 3.3 acres, of existing paved and asphalt area supporting Industrial Outdoor Storage (IOS), fleet and equipment staging, parking, and internal circulation.
The property is leased to a single tenant through an initial term ending June 30, 2028, and currently generates $342,000 in annual NOI. This income provides immediate cash flow and a defined planning runway for future occupancy or development.
An Insite Engineering concept plan preserves the existing improvements while adding 58,800 SF of flex and warehouse space, potentially increasing the property to approximately 92,790 SF at full buildout. Future construction remains subject to required governmental, environmental, utility, and construction approvals.
Located within Howell Township’s SED zoning district, the property offers convenient access to I-195, Route 9, Route 33, Route 34, and the Garden State Parkway.
Offered at $7,000,000. Call for a copy of the Offering Memorandum and schedule a property tour to explore the site’s current functionality and long-term potential.