Property profile

88 Industrial Park Rd Pennsville, NJ 08070

FOR SALE
Commercial real estate
Property ID
US59-0080656
31,464 SF 27.54 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This expansive 192,000-square-foot industrial property, situated on a generous 27.54-acre lot in Pennsville Township, New Jersey, presents a significant opportunity for sale or lease. The warehouse features 180,000 square feet of available space, complemented by 10,000 square feet of office space. High ceilings, ranging from 20 to 26 feet clear, provide ample vertical space. Loading capabilities are robust, including an exterior loading platform with nine loading doors and a ramp, eight tailgate loading doors, and five drive-in doors within a leased shop area. The property boasts eight total loading docks. Internal material handling is facilitated by a 12,000 lb. capacity freight elevator. The building's construction is durable, utilizing concrete block over steel beams, with a roof featuring a combination of TPO and asphalt coating. A dry sprinkler system, serviced by an on-site private pump house, ensures fire protection. Lighting is a blend of LED and fluorescent fixtures. Strategically located just off Route 49, this facility offers easy access to Route 295, the NJ Turnpike, and the Commodore Barry Bridge. Wilmington, DE is a short 15-minute drive, and Philadelphia, PA is within 40 minutes. This property is ideal for a variety of industrial and manufacturing uses.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction CONCRETE
Total area 31,464 SF
Lot 27.54 ac (1,199,642 SF)
Zoning code 5
APN 09 04802-0000-00003
UPID US59-0080656

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Freight Service Logistics Company

Location

88 Industrial Park Rd Pennsville, NJ 08070
Pennsville metro Census 21600 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$6.18M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.85M

Owner & transaction history

since 2023
Last sale
$6.5M
6 recorded transactions
2023
$6.5M
2015
$1.9M
2004
$1.6M
2004
$1
2004
$1
2002
$1.0M

Zoning & alternative use

5 · Pennsville, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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