281 Squankum Rd - Flex FOR SALE


Farmingdale, NJ 07727
$7,000,000 USD
908-433-1427
281 Squankum Rd, Farmingdale, NJ for Sale
$7,000,000 USD
Flex - FOR SALE
1/12
null | Request Cap Rate

Jun '28


281 Squankum Rd
Farmingdale, NJ 07727


HIGHLIGHTS

  • Complete Owner-Operator Platform: Six buildings total 33,990 SF: 13,090 SF showroom/office, four 4,400 SF warehouses and 3,300 SF office/repair.
  • Substantial IOS Functionality: 16.81 acres with approximately 143,600 SF (3.3 acres) of paved/asphalt area supporting Industrial Outdoor Storage.
  • Income Today with Expansion Potential: $342,000 NOI through June 2028 plus a 58,800 SF expansion concept reaching 92,790 SF, subject to approvals.

OVERVIEW

281 Squankum Road offers owner-operators and value-add investors the opportunity to control a highly functional 16.81-acre industrial property in Monmouth County. Six existing buildings total approximately 33,990 SF, including a 13,090 SF showroom and office headquarters completed in 2023, 3,300 SF of office and repair space, and four separate 4,400 SF warehouse buildings. The site includes approximately 143,600 SF, or 3.3 acres, of existing paved and asphalt area supporting Industrial Outdoor Storage (IOS), fleet and equipment staging, parking, and internal circulation. The property is leased to a single tenant through an initial term ending June 30, 2028, and currently generates $342,000 in annual NOI. This income provides immediate cash flow and a defined planning runway for future occupancy or development. An Insite Engineering concept plan preserves the existing improvements while adding 58,800 SF of flex and warehouse space, potentially increasing the property to approximately 92,790 SF at full buildout. Future construction remains subject to required governmental, environmental, utility, and construction approvals. Located within Howell Township’s SED zoning district, the property offers convenient access to I-195, Route 9, Route 33, Route 34, and the Garden State Parkway. Offered at $7,000,000. Call for a copy of the Offering Memorandum and schedule a property tour to explore the site’s current functionality and long-term potential.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$184 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Warehouse, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17.07

LAND SF

743,420

ZONING

SED Zone

APN/PARCEL ID

21-00049-0000-00008-01

ASK ABOUT THIS PROPERTY

Greg ElmigerRichel Commercial BrokerageMore Info
908-433-1427

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

Greg ElmigerRichel Commercial BrokerageMore Info
908-433-1427

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