45 Rosenhayn Ave
Bridgeton, NJ 08302
Industrial Property For Sale

The tenant is a company called Gerber, which is a division of Globe Union America, which is a subsidiary of Taiwan-based Globe Union Industrial (publicly traded on the Taiwan Stock Exchange and founded in 1979). They are primarily engaged in the manufacturing of vitreous Chinese plumbing fixtures, earthenware fittings and bathroom accessories. The original lease term began on October 1, 2008 and expired on September 30, 2014. There was an addendum that was signed upon the original lease expiration that extended the lease for 4 years. The second amendment, which is the current lease term, began October 1, 2018 and expires September 30, 2022. Tenant has the option to reduce its space by 40K SF with 3 months’ notice. Should tenant exercise that option, current ownership will guarantee the potential loss of income. Taxes are the only expenses that are billed to tenant. October 1, 2019: $512,360 October 1, 2020: $522,910 October 1, 2021: $533,460