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Off Market
1/6

10 Ilene Ct
Hillsborough, NJ 08844


HIGHLIGHTS

  • 10 industrial flex condos for sale - currently demised as one space
  • NOI $174,413 guaranteed for four years
  • Located in a prime area with convenient access to major highways including Routes 1, 22, 206 and Interstates 78 and 287

OVERVIEW

Spanning approximately 21,500 square feet, this expansive space is currently demised into one unit, with professional office space located upstairs and spacious warehouse/industrial and R&D areas downstairs. With four years remaining on the lease, investors can enjoy a guaranteed net operating income (NOI) of $174,412.66, providing an immediate and steady return on investment. Rent increases 2% as of October 31, 2025. Collect four years of income while strategically preparing to reposition the property for a new tenant. Alternatively, an owner user seeking a prime location for their own business venture, can occupy this space themselves and negotiate a lease buyout with the current tenant. The new owner would also have the ability to demise the property back into its original 10 condos. This opens up the potential for individual sales, catering to a diverse range of businesses.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Building 10

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing, Light Distribution

TOTAL BUILDING SIZE

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STORIES

2

YEAR BUILT

1987

UTILITIES

Gas, Water, Sewer, Heating

CLEAR CEILING HT

18 Ft

DOCKS

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DRIVE INS

5

PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

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