Multi-Tenant Flex Industrial
New
For Sale
$12,500,000
242 Possum Hollow Rd, Monroe Township, NJ 08831
Five buildings offer air-conditioned space, drive-in access and light-industrial zoning.
Property Size46,633 SF
Lot Size6.76 Acres
Price / SF$268.05
Days on Market2
Property Features for 242 Possum Hollow Rd
General Information
Standard status
Active
Size
46,633 SF
Total Parking Spaces
50
Lot size
6.76 Acres
Property subtype
Warehouse
Zoning
L-I Light Industrial
Occupancy
100%
Net Operating Income
$608,711
Financials
Asking Price
$12,500,000
Cap Rate
4.87%
Gross Income
$783,067
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
14
Sprinkler System
Yes
Additional Details
Highway Access
Yes
Tenant in Place
Yes
Property Use
Industrial/Flex
Amenities
Seller Financing Available: The $12,500,000 offering includes the availability of seller financing, providing purchasers with additional flexibility in structuring the acquisition.
100% Occupied Industrial Portfolio: The property comprises approximately 46,633 square feet across five buildings on approximately 6.76 acres and is fully leased to eight tenants.
Strong In-Place Cash Flow: The portfolio generates approximately $783,067 in current annual base rent, with pro forma NOI of approximately $636,051.
Embedded Rental Growth: Contractual rent escalations and upcoming lease rollovers provide an opportunity to increase rental income and reposition lease economics over the investment period.
Flexible Industrial Location: L-I Light Industrial zoning, 20-foot clear heights, 14 drive-in doors, and convenient access to Route 33, Route 130, and the New Jersey Turnpike support a broad range of industrial and flex users.
Building Details
Building Size
46,633 SF
Year Built
2019
Buildings
5
Tenancy
Multi
Listing Agency:
Marcus & Millichap - New Jersey
Listed By:
Scott Geller · License #License(s): NJ: 1649748
(201) 742-6167
Source:
Marcusmillichap
Added: Oct 24
Last Checked: Oct 24 at 3:03PM
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 Marcus & Millichap - New Jersey
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Investment Insights
Based on property information with market context.
This Monroe Township flex and industrial portfolio contains five buildings totaling 46,633 square feet on 6.76 acres. Eight tenants occupy the property, which was built in 2019. Building features include 20-foot clear heights, 14 drive-in doors, approximately 50 passenger parking spaces, wet sprinkler systems and air conditioning throughout. The property is in the township’s L-I Light Industrial District. Permitted uses include assembly and finishing, enclosed wholesale, distribution and storage, research laboratories, and business and professional offices; certain other uses require conditional approval.
Route 33, Route 130 and the New Jersey Turnpike provide regional connections from the property, serving Middlesex, Mercer, Monmouth and Ocean counties as well as the wider New York metropolitan area. Leases are primarily modified gross, with tenants generally responsible for utilities and ownership retaining certain property-level operating and capital expenses.
Route 33, Route 130 and the New Jersey Turnpike provide regional connections from the property, serving Middlesex, Mercer, Monmouth and Ocean counties as well as the wider New York metropolitan area. Leases are primarily modified gross, with tenants generally responsible for utilities and ownership retaining certain property-level operating and capital expenses.
Key Highlights
- 46,633 square feet across five buildings on 6.76 acres
- Eight tenants; the property is 100% leased
- Built in 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$677,788
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,555,760
$13.6M
Cap Rate 7%
$9,682,686
$9.7M
Cap Rate 9%
$7,530,978
$7.5M
Market Conditions
NOI Build-Up for 46,633 SF
Gross rent
$1.35M $29.04/SF
− Vacancy
−$311.5K −$6.68/SF
EGI
$1.04M $22.36/SF
− OpEx
−$365.0K −$7.83/SF
NOI
$677.8K $14.53/SF
Area
Middlesex County, NJ
Vacancy
23.00%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,555,760
Cap Rate 7%
$9,682,686
Cap Rate 9%
$7,530,978
Alternative Uses
Best Use
Flex RnD
$9.68M
$8.47M – $11.30M
NOI $677,788 @ 7.0% cap · market cap 5.42%
Second Best
Warehouse
$9.08M
$7.94M – $10.59M
NOI $635,582 @ 7.0% cap · market cap 5.08%
Theoretical Best
Office A
$12.18M
$10.65M – $14.21M
NOI $852,377 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
14
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08831, NJ
55,123
Population
24,898
Households
2.2
Avg Household Size
53
Median Age
51%
College-Educated
95%
High-School Grad
51.3 sq mi
ZIP Area
1,075
Density / Sq Mi
$108,741
Median Household Income
$74,340
Median Earnings
$1,872
Median Rent
$489,700
Median Home Value
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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?
Flex space - Five buildings offer air-conditioned space, drive-in access and light-industrial zoning.
Where is this flex space located?
The property is located at 242 Possum Hollow Rd Monroe Township, NJ.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: 46,633 square feet across five buildings on 6.76 acres; Eight tenants; the property is 100% leased; Built in 2019
