275 Centennial Ave - Telecom Hotel/Data Hosting FOR SALE


Piscataway, NJ 08854
$20,407,973 USD
773-963-2637
275 Centennial Ave, Piscataway, NJ for Sale
$20,407,973 USD
Telecom Hotel/Data Hosting - FOR SALE
1/6
null | 5.5% Cap Rate

275 Centennial Ave
Piscataway, NJ 08854


HIGHLIGHTS

  • 17+ Years Remaining with $0.40 PSF Annual Increases
  • Seasoned Tenant with 30+ Years of Operating History at the Site
  • 56,150 SF Mission-Critical Regional Cable Hub
  • 6 Bay Doors | IOS Area | Satellite Communications Dish
  • 6.79-Acre Parcel with 300+ Surface Parking Spaces
  • Immediate Access to I-287 with 103,962 VPD

OVERVIEW

Northmarq is pleased to present the opportunity to acquire a 56,150 SF flex industrial Optimum facility in Piscataway, NJ, positioned on a 6.79-acre parcel and secured by a long-term net lease with 17+ years remaining and $0.40 PSF annual rental increases. Serving as a regional cable hub for Central New Jersey, the Property houses critical network infrastructure, including six bay doors, utilized IOS area, 300+ parking spaces, and a satellite communications dish, creating strong operational reliance on the site and making relocation highly impractical.

FOR SALE DETAILS

PRICE

$20,407,973 USD

PRICE/SF

$319 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Optimum

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Telecom Hotel/Data Hosting

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

-

CLEAR CEILING HT

18.5 Ft

DOCKS

-

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.79

LAND SF

295,772

ZONING

-

APN/PARCEL ID

17-06702-0000-00001-01

ASK ABOUT THIS PROPERTY

Isaiah HarfNorthmarqMore Info
773-963-2637

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Isaiah HarfNorthmarqMore Info
773-963-2637

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