Industrial Portfolio on Liberty
For Sale
$11,500,000
15-55-65-68 Liberty Street, Metuchen, NJ 08840
Four fully leased industrial buildings near major transportation routes.
Property Size47,048 SF
Price / SF$244.43
Days on Market264
Property Features for 15-55-65-68 Liberty Street
General Information
Standard status
Active
Size
47,048 SF
Property subtype
Industrial
Building Details
Building Size
47,048 SF
Listing Agency:
Sitar Realty Company - Corporate
Listed By:
William Sitar Jr.
(973) 202-9119
Source:
Tcnworldwide
Added: Jan 27
Changed: Oct 16
Last Checked: Oct 16 at 6:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sitar Realty Company - Corporate
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Investment Insights
Based on property information with market context.
This offering comprises a portfolio of four industrial buildings situated on Liberty Street, near Plainfield Avenue, providing convenient access to Routes 1, 27, 287, and the Garden State Parkway. The properties are fully leased. The building at 203 Norcross Ave, also known as 68 Liberty Street, encompasses approximately 19,500 square feet and features one 12x16 drive-in door. 65 Liberty Street is an approximately 10,548 square foot building with two 14x16 drive-in doors. The building located at 55 Liberty Street offers approximately 9,000 square feet and includes two 14x16 drive-in doors. 15 Liberty Street is an approximately 8,000 square foot building with two 14x16 drive-in doors. The combined area of the four buildings totals approximately 47,048 square feet.
Key Highlights
- Fully leased industrial portfolio, offering immediate income.
- Strategic location provides easy access to Route 1, 27, 287, and Garden State Parkway.
- Portfolio includes four buildings.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$528,078
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,561,560
$10.6M
Cap Rate 7%
$7,543,971
$7.5M
Cap Rate 9%
$5,867,533
$5.9M
Market Conditions
NOI Build-Up for 47,048 SF
Gross rent
$801.7K $17.04/SF
− Vacancy
−$47.3K −$1.01/SF
EGI
$754.4K $16.03/SF
− OpEx
−$226.3K −$4.81/SF
NOI
$528.1K $11.22/SF
Area
Middlesex County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,561,560
Cap Rate 7%
$7,543,971
Cap Rate 9%
$5,867,533
Alternative Uses
Best Use
Industrial
$7.54M
$6.60M – $8.80M
NOI $528,078 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.29M
$10.75M – $14.33M
NOI $859,962 @ 7.0% cap · market cap 7.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,836
Businesses Nearby
Explore this area
Business Placement
Demographics for 08840, NJ
17,841
Population
6,552
Households
2.7
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.2 sq mi
ZIP Area
5,575
Density / Sq Mi
$150,938
Median Household Income
$72,765
Median Earnings
$1,994
Median Rent
$517,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - Four fully leased industrial buildings near major transportation routes.
Where is this industrial property located?
The property is located at 15-55-65-68 Liberty Street Metuchen, NJ.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Fully leased industrial portfolio, offering immediate income.; Strategic location provides easy access to Route 1, 27, 287, and Garden State Parkway.; Portfolio includes four buildings.
