45 Mill St - Manufacturing FOR SALE


Mays Landing, NJ 08330
$10,500,000 USD
818-859-9391
45 Mill St, Mays Landing, NJ for Sale
$10,500,000 USD
Manufacturing - FOR SALE
1/7
null | 8.26% Cap Rate

45 Mill St
Mays Landing, NJ 08330


OVERVIEW

Reach out to Broker for Offering Memorandum *NOI & Pricing Inclusive of Solar Income • Credit Profile: Wholly owned subsidiary of James Hardie Industries (NYSE: JHX), a leading global building materials company with approximately $4B in annual revenue and an investment-grade (BBB-) credit profile. •NNN Lease with Scheduled Rent Escalations: ±6.5 years of remaining term with (2) 5-year options at FMV provide stable income with built in annual rent growth and minimal landlord responsibilities. •Mission-Critical Facility: Company headquarters housing 100% of operations and revenue generation, with approximately $3,500,000 invested in 2018 into upgrading and building out the facility to meet the Company's operational needs. •Solar Array Income & Bonus Depreciation: The offering includes a recently installed rooftop solar array that generates supplemental income through a power purchase agreement and may also qualify for bonus and accelerated depreciation.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

8.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

20 Ft

DOCKS

5

DRIVE INS

6

PARKING SPACES

185

LAND DETAILS

LAND ACRES

11.99

LAND SF

522,284

ZONING

Commercial

APN/PARCEL ID

12-00732-0000-00059

ASK ABOUT THIS PROPERTY

Thiago DeliaMatthews Real Estate Investment ServicesMore Info
818-859-9391

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Thiago DeliaMatthews Real Estate Investment ServicesMore Info
818-859-9391

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