973-908-6106
78 W State Route 173, Asbury, NJ for Sale
Flex - FOR SALE
1/20
null | Request Cap Rate

78 W State Route 173
Asbury, NJ 08802


HIGHLIGHTS

  • Immediate access to I-78 and Rt 173
  • Paved, dedicated employee parking
  • 120' deep service bays, full drive-thru capability

OVERVIEW

The property consists of 8.58 acres (Block 12, Lot 9) and is improved with a 16,900-square-foot two-story office building, a 23,600-square-foot clear-span assembly/warehouse/manufacturing building with 26-foot clear heights, and a 4,500-square-foot stand-alone shop building with 24-foot clear heights. The site is located within the PC District zoning designation. The property is currently 100% leased to 12 tenants, all of whom are on one-year lease terms that expire at the end of the year. Current rental income totals $33,835 per month, net of utilities, with ownership occupying two bays and office space without currently paying rent. Reported operating expenses are $144,420.13 annually, and the site provides parking for up to 110 vehicles.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

8.58

LAND SF

373,831

ZONING

PC

APN/PARCEL ID

25-00012-0000-00009

ASK ABOUT THIS PROPERTY

Warren SearlesCushman & Wakefield of New Jersey, LLC.More Info
973-908-6106

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Warren SearlesCushman & Wakefield of New Jersey, LLC.More Info
973-908-6106

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