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    FOR SALE
    Commercial real estate

    88 Industrial Park Rd, Pennsville, NJ 08070

    31,464 SF 27.54 ac lot
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US59-0080656
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Pallet Logistics North Amer Freight Service Logistics Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $6.18M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $6.51M
    Owner & transaction history
    88 Industrial Park Road Blvd LLC · 3 yrs held
    88 Industrial Park Road Blvd LLC
    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
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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