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Bldg 3 40 Pier Ln W 16,240 SF Industrial Building Fairfield, NJ 07004 For Sale
EXECUTIVE SUMMARY
Garden State Realty is pleased to exclusively present 40 Pier Lane and 8 Kulick Road; a 100% leased ±60,428 Square Foot Industrial Portfolio comprised of 4 buildings on 2 parcels in Fairfield, New Jersey. The properties have historically low vacancy and are leased to six tenants ranging in size from ±1,200 SF to ±23,200 SF. The buildings are situated in Northern New Jersey along the Route 80 Corridor, vacancy rates in this product type continue to be at record lows. The subject properties are located with convenient access to major highways including Routes 46, 80, 280, 287, 202 and 3. The properties are being sold as an investment package; however, ownership would entertain selling 40 Pier Lane and 8 Kulick Road individually.
PROPERTY FACTS
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1975 |
| Property Subtype | Manufacturing | Tenancy | Single |
| Building Class | B | Parking Ratio | 2.77/1,000 SF |
| Lot Size | 2.08 AC | Clear Ceiling Height | 32’ |
| Rentable Building Area | 16,240 SF | No. Drive In / Grade-Level Doors | 3 |
| Zoning | L1 | ||
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 2.08 AC |
| Rentable Building Area | 16,240 SF |
| No. Stories | 1 |
| Year Built | 1975 |
| Tenancy | Single |
| Parking Ratio | 2.77/1,000 SF |
| Clear Ceiling Height | 32’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | L1 |
UTILITIES
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Construction
- 16,240 SF
- $6.50
- Triple Net
- Dec 2020
Industrial Lifts.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Construction | 16,240 SF | $6.50 | Triple Net | Dec 2020 |
1 1
PROPERTY TAXES
| Parcel Number | 07-02601-0000-00019 | Improvements Assessment | $2,504,400 |
| Land Assessment | $510,000 | Total Assessment | $3,014,400 |
PROPERTY TAXES
Parcel Number
07-02601-0000-00019
Land Assessment
$510,000
Improvements Assessment
$2,504,400
Total Assessment
$3,014,400
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Bldg 3 | 40 Pier Ln W
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