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132 Jarvis Road - VERIZON NET INVESTMENT, Sicklerville, NJ

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Sicklerville, NJ 08081-2139 - Camden County Ind Submarket

Property Type:Flex Sub Type:- Status:Existing Year Built:1973
Building Size:8,114 SF Land Area:4.12 AC (179,467 SF)
Ceiling Height:- Loading Docks:- Rail:- Power:-
For Sale Price:$945,000 Price/SF:$116.47
Cap Rate:8.07 %
Zoning:R3 Sprinklers:- Drive Ins:2 tot. Cranes:-
Parking:151 Surface spaces are available; Ratio of 10/1,000 SF Amenities:24 Hour Availability, Fenced Lot, Yard, Storage Space

Sale Notes:
Prime Net Investment opportunity with this built to suit building freestanding, single-story Verizon telephone building, and rear pole barn. The office, shop and warehouse space contains a total of 8,114 square feet, including a 1,200 SF storage building. Site encompasses 4.123+ Acres of land, with 119 macadam parking spaces and additional yard storage space. Excluding the building improvements, most of the rear portion of the site is macadam-paved with a parking area that can accommodate some 119 cars. Rear yard space has an area for storage of materials. Three light standards are situated in the parking lot area for security. The entire rear area is fenced, with two gates for the ingress and egress.
The latest lease extension was dated March 31st, 2015. Lease was extended to November 15, 2021, with rental payments of $7,060/month, increasing to $7,201.50 on November 16.2019 until November 15, 2021. A three year option on the lease extension is at the tenant’s discretion. Lease increases at a 3% rate/year on the second and the third years of the option.

RE/MAX Connection Commercial
Bryant Lafferty
(856) 988-1800 x118

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