Strong investment opportunity located just outside of Philadelphia, in southern New Jersey. The property is rooted in the highly sought-after Vineland Industrial Park, which has immediate access to Philadelphia, northern New Jersey / New York, and Delaware ports. This property is being marketed at 1.349 million dollars, with a cap rate of 8%. The property features 9,879 square feet of office space, 6011 square feet of warehouse space and is currently occupied by 8 tenants. 40% of the leasable space is occupied by the existing owner whose business has been in operation for 41 years and is willing to enter into a long-term leaseback agreement with the purchaser. The building was constructed by Stanker and Galetto, a renowned industrial builder in the Philadelphia market in 1990 and has been meticulously maintained since. The property features updated mechanical systems, electrical systems, including high-efficiency products for energy-saving enhancement.
NJCB2002818
Office, Other
CUMBERLAND
1990
Public
Other
Public Sewer
$89.31
11/15/2021 12:00:00 AM
School Information
CITY OF VINELAND BOARD OF EDUCATION
Interior Features
- Cooling
- Central Air
- Heating
- Gas Heat. Forced Air.
Exterior / Lot Features
- Exterior
- Other
Financial Considerations
Other
0
$30,392
Other
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