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ForDoz Pharma 69 Princeton Hightstown Rd 49,592 SF Flex Building Hightstown, NJ 08520 $20,500,000 ($413.37/SF) 7.32% Cap Rate
EXECUTIVE SUMMARY
Kwekel Companies is pleased to offer the sale leaseback of ForDoz Pharma’s 49,592 square foot industrial building located on a 15 acre site. ForDoz Pharma will execute a new 20 year absolute NNN lease at closing.
PROPERTY FACTS
| Price | $20,500,000 | Rentable Building Area | 49,592 SF |
| Price Per SF | $413.37 | No. Stories | 2 |
| Sale Type | Investment NNN | Year Built/Renovated | 1970/2000 |
| Cap Rate | 7.32% | Tenancy | Single |
| Sale Condition | Sale Leaseback | Parking Ratio | 2.02/1,000 SF |
| Property Type | Flex | Clear Ceiling Height | 27’ |
| Property Subtype | Flex Research & Development | No. Dock-High Doors/Loading | 3 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 15.07 AC | ||
| Zoning | RO - Residential - Office | ||
| Price | $20,500,000 |
| Price Per SF | $413.37 |
| Sale Type | Investment NNN |
| Cap Rate | 7.32% |
| Sale Condition | Sale Leaseback |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 15.07 AC |
| Rentable Building Area | 49,592 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2000 |
| Tenancy | Single |
| Parking Ratio | 2.02/1,000 SF |
| Clear Ceiling Height | 27’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | RO - Residential - Office |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,436,000 | |
| Land Assessment | $3,326,900 | Total Assessment | $5,762,900 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,326,900
Improvements Assessment
$2,436,000
Total Assessment
$5,762,900
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ForDoz Pharma | 69 Princeton Hightstown Rd
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