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    240 Circle Dr Piscataway, NJ 08854

    Sponsored
    For Lease
    $12 SF/Yr

    75,000 SF Warehouse, Multiple Tenants

    Lot size:
    75,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 75,000-square-foot Class B warehouse, built in 1983, offers multiple tenancy options in the desirable Piscataway submarket. Currently, 29,500 square feet of vacant space is immediately available for occupancy in October 2023. Units range from a minimum of 24,500 square feet to a maximum contiguous space of 33,500 square feet. The property boasts impressive features including 17-foot ceilings, providing ample vertical storage capacity. Loading and unloading are facilitated by two dock-high doors and one drive-in door. The building is equipped with heavy power, catering to businesses with significant energy demands. While there are no elevators, the expansive layout and convenient access points ensure efficient operations. The property is zoned LI-5 and situated within Middlesex County. Ample parking is available, accommodating 100-200 vehicles. Adding to its appeal, 1,000 to 6,000 square feet of adjacent office space is also available, providing flexibility for various business needs. This former corporate headquarters benefits from its location in an established industrial park setting, reflecting a low 2% vacancy rate in the immediate area. This presents a rare opportunity to secure prime warehouse space in a thriving market.

    Property Features for 240 Circle Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    75,000 SF
    Class
    B
    Total Rate
    80937.5

    Building Details

    Year Built
    1983

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    29,500 SF
    Rate per SF
    $12
    Space
    Available Space 2
    Size
    10,700 SF
    Rate per SF
    $12
    Space
    Available Space 3
    Size
    39,500 SF
    Rate per SF
    $12

    HighLights

    • Clean warehouse unit, vacant and available October 2023.
    • 17' ceilings, two loading docks, 1,000‑6,000 SF of adjacent office space.
    • 100‑car parking lot.
    • Piscataway submarket location with 2% vacancy.
    • Former corporate headquarters in an industrial park setting with heavy power.
    Property Profile Location Intelligence

    Current Use by Public Records

    YC Cable/ Grandmax Manufacturer PeeWee Molding corporation Plastic Injection Molding Service Meyer Moving And Storage Service CableGal.net Electronics Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Wholesale Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Piscataway
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.4787603
    Latitude
    40.560144

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    FAQs

    What type of property is this?
    Distribution property - 75,000 SF Warehouse, Multiple Tenants
    Where is this distribution property located?
    The property is located at 240 Circle Dr Piscataway, NJ.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Clean warehouse unit, vacant and available October 2023.; 17' ceilings, two loading docks, 1,000-6,000 SF of adjacent office space.; 100-car parking lot.
    Request Owner's contact information
    240 Circle Dr Piscataway, NJ 08854
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    240 Circle Dr Piscataway, NJ 08854
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