Piscataway Industrial Space
For Sale
Contact for pricing
2 Corporate Pl, Piscataway, NJ
44,362 SF industrial space for lease in Piscataway, NJ.
Property Size44,362 SF
Lot Size5.01 Acres
Price / SF$281.77
Days on Market512
Property Features for 2 Corporate Pl
General Information
Standard status
Active
Size
44,362 SF
Lot size
5.01 Acres
Property subtype
INDUSTRIAL
Properties For Sale
at 2 Corporate Pl Contact us- Floor
- Bldg
- Size
- 44,362 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, 30 Days
- Sublease
- No
2 Corporate Pl
- Now available for lease, industrial located at 2 Corporate Pl Piscataway, New Jersey...
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Contact us
Listing Agency:
JLL | Iselin
(732) 590-4175
Listed By:
Leo A. Esses · License #0567711
(917) 902-6400
Source:
Moodyscre
Added: Mar 21, 2025
Changed: Aug 8
Last Checked: Aug 8 at 5:04AM
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 JLL | Iselin
Investment Insights
Based on property information with market context.
An industrial space is available for lease at 2 Corporate Pl in Piscataway, New Jersey. The available space encompasses 44,362 square feet.
Key Highlights
- Industrial space available for lease.
- Located at 2 Corporate Pl, Piscataway, New Jersey 08854.
- Available square footage: 44,362 sf.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$604,629
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,092,580
$12.1M
Cap Rate 7%
$8,637,557
$8.6M
Cap Rate 9%
$6,718,100
$6.7M
Market Conditions
NOI Build-Up for 44,362 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$755.9K $17.04/SF
− Vacancy
−$44.6K −$1.01/SF
EGI
$711.3K $16.03/SF
− OpEx
−$106.7K −$2.41/SF
NOI
$604.6K $13.63/SF
Area
Middlesex County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,092,580
Cap Rate 7%
$8,637,557
Cap Rate 9%
$6,718,100
Alternative Uses
Best Use
Warehouse
$8.64M
$7.56M – $10.08M
NOI $604,629 @ 7.0% cap · market cap 4.84%
Second Best
Industrial
$7.11M
$6.22M – $8.30M
NOI $497,930 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$11.58M
$10.14M – $13.51M
NOI $810,866 @ 7.0% cap · market cap 6.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
469
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - 44,362 SF industrial space for lease in Piscataway, NJ.
Where is this industrial property located?
The property is located at 2 Corporate Pl Piscataway, NJ.
What is the asking price?
The asking price for this property is $12,499,881.
What are key features of this property?
This property features: Industrial space available for lease.; Located at 2 Corporate Pl, Piscataway, New Jersey 08854.; Available square footage: 44,362 sf.
