4 Commerce Dr, Cranford, NJ for Sale
Office - FOR SALE
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4 Commerce Dr
Cranford, NJ 07016


HIGHLIGHTS

  • Full building generator, basement storage, renovated lobby and bathrooms, 1 mile to downtown Westfield, and NJ transit train to Hoboken/Manhattan.
  • Newly renovated 2nd and 3rd floors with substantial investment into optimizing workplace experience.
  • Includes five tenants on the first floor with varying lease expirations until 2030, generating an additional $370K of annual income.

OVERVIEW

Savills is pleased to offer for sale a high-quality Headquarters office building (the "Property"), located at 4 Commerce Drive in Cranford, NJ. The Property is predominantly occupied by Kiewit-Weeks Marine and is roughly 58,840 square feet in size on just under 4 acres of land, boasting ample parking with a ratio of 3.50 spaces per 1,000 square feet. Ideal owner/user building or investment opportunity. Substantial discount versus replacement cost. Highly desirable location. Potential sale-leaseback. Strong economic environment in NJ

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

216

LAND DETAILS

LAND ACRES

3.47 AC

LAND SF

151,153 SF

ZONING

ROI-1

APN/PARCEL ID

03-00635-0000-00002-01

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