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    Property profile & analytics
    OFF-MARKET Estimated value $9,555,000
    Industrial properties

    300 Richards Run, Burlington, NJ 08016-2120

    19,932 SF 8.56 ac lot Built 1989
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US59-1037109
    Property summary
    AI-generated overview

    This exceptional industrial property, located in Burlington County, offers a substantial 85,390-square-foot warehouse facility. Currently, a significant 20,000-square-foot space is immediately available for lease, representing a fantastic opportunity for businesses seeking ample storage and operational space. The building features a desirable 22-foot clear ceiling height, accommodating various storage and operational needs. A loading dock is conveniently located on-site, streamlining the loading and unloading process. Existing racking is included, providing immediate storage solutions. The property boasts ample on-site parking, ensuring convenient access for employees and visitors. The expansive 8.56-acre lot provides significant room for expansion or future development. This location offers excellent access to major transportation arteries, including Routes 130 and I-295, as well as the New Jersey Turnpike, facilitating efficient logistics and distribution. Commuters will appreciate the proximity to public transportation, with Bristol and Levittown commuter rail stations just 15 and 16 minutes away, respectively. The property is situated within the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Combined Statistical Area (CBSA), providing access to a large and diverse workforce and consumer base. The current sublease expires August 31, 2027.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1989
    Total area 19,932 SF
    Lot 8.56 ac (372,874 SF)
    Zoning code I-2
    APN 06 00153- 03-00001- 10
    UPID US59-1037109
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Barton Cooney Postal Service Courier Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $10.79M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $9.56M
    Owner & transaction history
    300 Richard Run Investors LLC · 4 yrs held
    300 Richard Run Investors LLC
    since 2021
    Last sale
    $11.9M
    2 recorded transactions
    2021
    2021
    $11.9M
    Zoning & alternative use
    I-2 · Burlington, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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