Legacy Commercial is pleased to present the ground lease offering of 37 Kanes Lane, a fully occupied 20,000 SF industrial/flex building situated on a 4.65-acre parcel in the heart of Middletown Township NJ. This modern, income-generating asset features flexible industrial zoning, high clear heights, and excellent accessibility to major transportation corridors. There are several short-term leases which allows for flexibility for reletting at market rates. All leases are currently at below market rental rates. KEY HIGHLIGHTS ¦ 20,000 SF Warehouse/Flex Space – Single-story layout with clear heights ranging from 17.5’ to 34’ ¦ Industrial Zoning (M-1) – Permits light manufacturing, R&D, automotive services, offices, and wholesale. Permits for a wide range of uses, including entertainment, retail, and medical—offering maximum flexibility for developers and end-users. ¦ Sprinklered & Docks – Fully sprinklered with 3 loading docks and outdoor storage areas. ¦ Parking & Access – ±40 surface parking spaces; direct access to Route 35, near GSP and Route 36. ¦ Ground Lease Investment – 1-27-2006 commencement - 99 year initial lease term with two (2) 49 year options. Fee: $1.00 per year. Please reach out to Logan Gurtman to find out more about the property including financials. CAP rate marketing is based upon 2026 Proforma which includes projected rental rates for future vacancies, management fee, and vacancy factor.