110 Cushman Ave - Showroom FOR SALE


West Berlin, NJ 08091
$3,456,562 USD
215-618-2025
110 Cushman Ave, West Berlin, NJ for Sale
$3,456,562 USD
Showroom - FOR SALE
1/6
null | 7.85% Cap Rate

110 Cushman Ave
West Berlin, NJ 08091


HIGHLIGHTS

  • Attractive and secure investment opportunity: priced below replacement cost with a cap rate of 7.85%
  • Building can be easily subdivided into additional units, offering longterm flexibility and value-add potential
  • The building's largest tenant, Kepple's Carpet, occupies just over 60% of the building, has been operating out of this location for 20 years
  • Recent upgrades: the property features a new roof installed in 2022; tenants are responsible for all operating expenses except for roof & structure
  • Strategic location: located near highway 73, the property benefits from high visibility and accessibility
  • Dynamic zoning: situated on a +/- 2-acre lot and zoned C-3 (highway commercial 3), this property supports a range of commercial activities

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 32,500 SF Multi-Tenant Industrial Flex Building located at 110 Cushman Avenue in West Berlin, NJ. This three-tenant property offers a strong and secure return on investment with very few landlord responsibilities - the net leases feature annual base rent increases of 3% to 4% and the landlord is only responsible for maintaining the roof (replaced in 2022) and structure. In Cooperation With Sands Investment Group New Jersey, LLC - Lic. #2187470 BoR: Tom Gorman - Lic. NJ #2187471

FOR SALE DETAILS

PRICE

$3,456,562 USD

PRICE/SF

$97 USD /SF

CAP RATE

7.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3 Tenant Small Bay Flex Warehouse

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.95

LAND SF

84,942

ZONING

C2

APN/PARCEL ID

06-01502-0000-00001-01

ASK ABOUT THIS PROPERTY

Griffin ReathSands Investment GroupMore Info
215-618-2025

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Griffin ReathSands Investment GroupMore Info
215-618-2025

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.