2200 Cottontail Ln - Office FOR SALE


Somerset, NJ 08873
$14,999,000 USD
908-510-7089
2200 Cottontail Ln, Somerset, NJ for Sale
$14,999,000 USD
Office - FOR SALE
1/67
null | Request Cap Rate

2200 Cottontail Ln
Somerset, NJ 08873


OVERVIEW

2200 Cottontail Lane presents a unique opportunity to purchase a ±52,336 SF property on one level. Located minutes from the the Weston Canal Rd entrance to Route 287, the property has quick access to the NJTP, Ports, NYC and Philadelphia. Located in the expansive Industrial/Office Sector of Franklin Township, the property is zoned B-I (Business and Industry). Ideal/Permitted Uses Include: General Office, Laboratory, Banquet Facility, Hotel, Data Center, Light Manufacturing, Self Storage, Indoor Recreation, Cannibas Manufacture or Wholesale, etc. The property is surrounded by Distribution Warehouses, and would be ideal for conversion to a variety of Industrial Uses such Product Storage, Manufacturing, Warehousing, Import/Export, or a wide variety of Industrial Uses. The property is currently a private school with approvals in place for educational uses and is built out as a school. It has a generous amount of car parking and spaces lined for Buses, which could be re-striped for added car parking or commercial vehicle/ truck parking. It is currently tenant occupied with New Road School as a NNN lease with 2 years left on the existing lease and significant rental income. There is potential to deliver the property vacant for an owner user. Property Features: • ±52,336 SF on One Level • Parking for 118 Cars and 12 Buses (or Trucks/ Vans) • ± 5 Total Acres • Zoned B-I (Business and Industry) • Ideal for Conversion to Industrial Uses • Wide range of Permitted Uses • Existing Tenant w/ Strong NNN Income or Delivered Vacant • Accessible Location minutes from Route 287 • 1 Existing Loading Drive-In Door • Heavy Power • Full Commercial Kitchen • Large Open Rooms & Wide Open Floorplan • Turn-Key for a Private, Charter, Technical or Special Needs School • Ceilings are 16’ to the Beam and 17’ to the Deck • Large Chillers On-SIte for Heating and Cooling • Real Estate Taxes: $150,894 per year • Asking Price: $14,999,000 Please call Broker for more information or to schedule a showing. Due to the existing tenant, showings must be coordinated around their hours of operation.

FOR SALE DETAILS

PRICE

$14,999,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

5 AC

LAND SF

217,800 SF

ZONING

B-I

APN/PARCEL ID

08-00517-02-00019-01

ASK ABOUT THIS PROPERTY

Brian WalshDavis CommercialMore Info
908-510-7089

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Brian WalshDavis CommercialMore Info
908-510-7089

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