2 Corporate Pl - Warehouse FOR SALE


Piscataway, NJ 08854
$12,500,000 USD
862-452-5775
2 Corporate Pl, Piscataway, NJ for Sale
$12,500,000 USD
Warehouse - FOR SALE
1/4
null | Request Cap Rate

2 Corporate Pl
Piscataway, NJ 08854


HIGHLIGHTS

  • Strong land-to-building ratio, enabling outdoor storage, yard use, or potential expansion (subject to approvals).
  • Strategic location with access to I-287, Route 440, I-95/NJ Turnpike, and Port Newark/Elizabeth.
  • Positioned within a resilient industrial corridor with strong tenant demand and limited new supply.
  • Zoned LI5 (Light Industrial) allowing a broad range of permitted uses.
  • Attractive to both owner-users and investors seeking long-term industrial fundamentals.
  • Constructed in 1973 and maintained for modern industrial and high-power operations.

OVERVIEW

The Geller Group at Marcus & Millichap is pleased to present for Sale and/or Lease 2 Corporate Place Piscataway, NJ. This offing represents a rare opportunity to acquire a functional, well-located industrial asset in one of Central New Jersey’s most established and supply-constrained submarkets. The 44,362-square-foot facility, situated on 4.96 acres, was constructed in 1973 and has been maintained to support modern industrial, distribution, and high-power operational requirements. Featuring two exterior loading docks, 20-foot clear heights, a wet sprinkler system, and robust 3,600-amp heavy power, the property offers a versatile platform for a wide range of industrial users, from manufacturing and assembly to specialized warehouse and technology-related operations. The building includes 14,000 square feet of office space—31.6% of the total area— providing an ideal balance for users requiring both administrative and operational functions under one roof. It may potentially be possible to recapture the majority of office SF and convert back to warehouse use. The building is Zoned LI5 (Light Industrial) as the property allows for a broad range of permitted uses, enhancing long-term adaptability and tenant demand. A low 0.21 FAR, combined with 82 surface parking spaces and significant land coverage, creates optionality for outdoor storage, yard usage, or potential expansion subject to approvals. This land-to-building ratio is a meaningful competitive advantage in a market where large, usable industrial sites are increasingly scarce. Strategically positioned within Piscataway’s established industrial corridor, the location offers direct access to major transportation arteries, ensuring efficient regional and interstate logistics connectivity. The immediate area benefits from proximity to I-287, Route 440, I-95/NJ Turnpike, and Port Newark/Elizabeth distribution networks, making it an attractive choice for companies seeking to improve speed-to-market and supply chain reliability. The surrounding submarket remains one of New Jersey’s most resilient industrial clusters, supported by strong tenant demand, limited new supply, and consistent institutional investment activity. 2 Corporate Place provides investors with a stable, functional, and highly utilitarian industrial asset with strong real estate fundamentals, competitive site characteristics, and long-term tenant appeal. Its combination of power capacity, loading, office space, and expansion potential positions the property as a compelling acquisition for both owner users and investors seeking value in one of the Northeast’s premier logistics markets.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$282 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

82

LAND DETAILS

LAND ACRES

4.96

LAND SF

216,058

ZONING

LI5

APN/PARCEL ID

17-05001-0000-00001-03

ASK ABOUT THIS PROPERTY

Scott GellerMarcus & MillichapMore Info
862-452-5775

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

Scott GellerMarcus & MillichapMore Info
862-452-5775

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