228 Us-22 Green Brook Township, NJ 08812
- Warehouses
- 11,607 SF
- 5.50 lot acres
Current Use by Public Records
- Warehouses
Property Details for 228 Us-22
- Year built
- 1953
- Lot size
- 5.50 lot acres
- Property size
- 11,607 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This exceptional sale-leaseback opportunity presents a 11,607-square-foot warehouse situated on a 5.5-acre lot in Green Brook Township, New Jersey. The property, located at 228 US-22, boasts a strong 7.00% capitalization rate and a Net Operating Income (NOI) of $216,000. Built in 1953 and completely renovated, this single-story building features a 16-foot ceiling height, one drive-in door, and ample parking with 28 spaces (2.41 spaces per 1,000 square feet). The property benefits from RHC zoning and enjoys excellent visibility and accessibility, situated in a high-traffic area with 59,900 vehicles passing daily. Its strategic location provides easy connectivity to major transportation arteries, making it an ideal investment for discerning buyers. The asking price for this well-maintained and strategically located warehouse is $3,086,000. This sale-leaseback arrangement offers a secure income stream and significant potential for future growth in a thriving commercial area. The property's size, location, and features make it a compelling investment opportunity.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Green Brook Township
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.4853
- Latitude
- 40.5993
