Property summary
This 280,000-square-foot Class B industrial warehouse, built in 1974 and renovated in 2023, is situated on a 10-acre lot (431,680 sq ft) in Plainfield, New Jersey. The single-story building offers multiple tenancy options, with a minimum divisible space of 35,000 square feet and a maximum contiguous space of 180,000 square feet. Currently, 80,000 square feet is vacant. The property boasts 18- to 45-foot ceiling heights, ten loading docks, three drive-in doors, and ample parking for 1000 vehicles. Heavy power (1,600a/3p) is available. The building features approximately 38,000 square feet of fenced outdoor storage/parking. Taxes are $0.60 per square foot. Its strategic location provides easy access to Interstates 287 and 78, placing it within convenient reach of major transportation arteries, including the Garden State Parkway, New Jersey Turnpike, Newark Liberty International Airport, and the Ports of New York/New Jersey and Philadelphia. The property benefits from a strong local workforce, with over 15% of the labor force within a 10-mile radius employed in warehousing. This makes it an ideal location for distribution and logistics operations serving New Jersey, Pennsylvania, and New York.
Property profile
VerifiedCap rate & NOI
Current use
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Business Management Consultant Car Repair And Maintenance Service
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Factory Production Facility
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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