90 Coles Rd Blackwood, NJ 08012-4683
This exceptional 115,681-square-foot industrial warehouse, situated on a generous 9.6-acre lot in Blackwood, New Jersey, presents a compelling investment opportunity. Built in 1970 and zoned GI - General Industry (Gloucester Township), the property boasts approximately 26,026 square feet of office space, complementing its substantial warehouse area. The warehouse features generally 17-foot clear ceiling heights (portions ranging from 13'4" to 16'8"), providing ample vertical space for storage and operations. Efficient loading and unloading are facilitated by three 9' x 10' tailgate loading docks, each equipped with a 7' loading bay and 8' x 10' interior access doors, along with a 10' x 8' drive-in. The property's layout includes 24' x 40' column spacing, gas-fired space heaters for climate control, and a comprehensive 100% wet sprinkler system for fire protection. Ample parking is available with 350 marked surface spaces. The building features LED lighting and is fully air-conditioned. The property's robust infrastructure includes concrete footing and masonry block foundation, concrete block over steel framing with a masonry façade, and a rubberized membrane roof. Utilities are provided by PSE&G (electric and gas) and Gloucester Township (water and sewer). An Ingersoll Rand air compressor is also included. Conveniently located off Route 42, with proximity to I-295 and the NJ Turnpike (Exit 3), this property offers easy access to major transportation arteries and the Walt Whitman and Ben Franklin Bridges. The 2023 property taxes were approximately $77,839.61. The property is serviced by NJ Bus Route 168.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.