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900 Durham Ave 31,800 SF Industrial Building South Plainfield, NJ 07080 For Sale
INVESTMENT HIGHLIGHTS
- I-287 Reposition / Redevelopment Opportunity
- Strong Leasing Velocity in Submarket
- Dense Labor Market & Consumers Surround
EXECUTIVE SUMMARY
As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 900 Durham Avenue, South Plainfield, New Jersey for sale. Totaling 31,800 SF on 3.52 acres, 900 Durham Avenue is ideally located on the I-287 on-ramp (Exit 4) and provides a new owner with multiple paths to create value via reposition/lease the existing building, or redevelop the site for industrial or retail use. The Site benefits from its location at a traffic light controlled intersection of Durham Avenue and Hadley Road. Currently occupied by GE Healthcare through 2025, the Property will be sold vacant.
Located one-turn off I-287 Exit 4, 900 Durham Avenue is minutes from the NJ Turnpike/I-95, I-78, Route 1&9, 202/206, 22, 18, and 28, the Ports, and NYC. Additionally, the Property offers visibility to the +/-41 MM vehicles which drive past each year, and the 11.4 MM consumers within a 60-minute drive. The I-287/Exit 10 industrial submarket continues to see strong tenant demand with +18.6 million square feet of leasing activity over the last five years. The building is of an ideal size with a weighted average occupancy of 98% in buildings under 50,000 SF since 2020.
Currently occupied by GE Healthcare, the property will be delivered vacant. Originally constructed in two phases (1972 and 1989), the 31,800 SF building includes a combination of laboratory space, warehouse, office and storage areas. GE Healthcare and its predecessor utilized 900 Durham Avenue to manufacture and distribute diagnostic pharmaceuticals since 1972.
Located one-turn off I-287 Exit 4, 900 Durham Avenue is minutes from the NJ Turnpike/I-95, I-78, Route 1&9, 202/206, 22, 18, and 28, the Ports, and NYC. Additionally, the Property offers visibility to the +/-41 MM vehicles which drive past each year, and the 11.4 MM consumers within a 60-minute drive. The I-287/Exit 10 industrial submarket continues to see strong tenant demand with +18.6 million square feet of leasing activity over the last five years. The building is of an ideal size with a weighted average occupancy of 98% in buildings under 50,000 SF since 2020.
Currently occupied by GE Healthcare, the property will be delivered vacant. Originally constructed in two phases (1972 and 1989), the 31,800 SF building includes a combination of laboratory space, warehouse, office and storage areas. GE Healthcare and its predecessor utilized 900 Durham Avenue to manufacture and distribute diagnostic pharmaceuticals since 1972.
PROPERTY FACTS
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Sale Condition | High Vacancy Property | Year Built | 1973 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | Parking Ratio | 2.52/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 1 |
| Lot Size | 3.52 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 31,800 SF | ||
| Zoning | M-2 | ||
| Sale Type | Investment or Owner User |
| Sale Condition | High Vacancy Property |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 3.52 AC |
| Rentable Building Area | 31,800 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Tenancy | Single |
| Parking Ratio | 2.52/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | M-2 |
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PROPERTY TAXES
| Parcel Number | 22-00528-0000-00046-10 | Improvements Assessment | $366,100 |
| Land Assessment | $433,900 | Total Assessment | $800,000 |
PROPERTY TAXES
Parcel Number
22-00528-0000-00046-10
Land Assessment
$433,900
Improvements Assessment
$366,100
Total Assessment
$800,000
CONTACTS
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Andrew Schwartz -
Ryan Larkin -
Jordan Sobel -
Andre Balthazard -
Cushman & Wakefield
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900 Durham Ave
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