Warehouse with 20-Foot Clear
For Sale
Contact for pricing
Pending
2 Corporate Pl, Piscataway, NJ 08854
Wet-sprinkler warehouse offering 20-foot clear ceilings, two tailboard loading doors, and parking for 20 vehicles.
Property Size44,362 SF
Days on Market574
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Property Features for 2 Corporate Pl
General Information
Standard status
Pending
Size
44,362 SF
Total Parking Spaces
20
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
20 ft
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Bussell Realty Corp
(732) 287-3777
Listed By:
Leo A. Esses
(917) 902-6400
Source:
Moodyscre
Added: Mar 21, 2025
Changed: Oct 2
Last Checked: Oct 14 at 10:09PM
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 Bussell Realty Corp
Investment Insights
Based on property information with market context.
This warehouse is equipped with wet sprinkler protection and features 20-foot clear ceilings. The loading configuration includes two tailboard positions, supporting straightforward dock operations for tenant move-in and logistics.
The property is located close to I-287 and Route 440 to New York, with Route 18 also providing regional connectivity.
Additional on-site convenience is provided with parking for 20 spaces, supporting day-to-day access for staff and visitors.
The property is located close to I-287 and Route 440 to New York, with Route 18 also providing regional connectivity.
Additional on-site convenience is provided with parking for 20 spaces, supporting day-to-day access for staff and visitors.
Key Highlights
- Wet‑sprinkler warehouse
- 20‑foot clear ceiling height
- Loading includes 2 tailboards/tailboard doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$604,629
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
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
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 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
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
430
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08854, NJ
60,545
Population
18,069
Households
3.4
Avg Household Size
34
Median Age
50%
College-Educated
92%
High-School Grad
18.9 sq mi
ZIP Area
3,203
Density / Sq Mi
$126,331
Median Household Income
$42,397
Median Earnings
$1,929
Median Rent
$423,900
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
Similar Off Market Nearby
- Vital Records Control — 11 Constitution Ave, Piscataway, NJ 08854
- Flexkeep Storage Facility — 10 Constitution Ave 1st floor, Piscataway, NJ 08854
- Beltmann Relocation Group — 6 Corporate Pl Unit D, Piscataway, NJ 08854
- CubeSmart Self Storage — 1518 S Washington Ave, Piscataway, NJ 08854
- Palmieri Movers — 240 N Randolphville Rd, Piscataway, NJ 08854
Frequently Asked Questions
What type of property is this?
Warehouse - Wet-sprinkler warehouse offering 20-foot clear ceilings, two tailboard loading doors, and parking for 20 vehicles.
Where is this warehouse 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: Wet‑sprinkler warehouse; 20‑foot clear ceiling height; Loading includes 2 tailboards/tailboard doors
