973-292-4624
900 Durham Ave, South Plainfield, NJ for Sale
Warehouse - FOR SALE
1/9
null | Request Cap Rate

NEW


900 Durham Ave
South Plainfield, NJ 07080


HIGHLIGHTS

  • I-287 Reposition / Redevelopment Opportunity
  • Dense Labor Market & Consumers Surround
  • Strong Leasing Velocity in Submarket

OVERVIEW

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 900 Durham Avenue, South Plainfield, New Jersey for sale. Totaling 31,800 SF on 3.52 acres, 900 Durham Avenue is ideally located on the I-287 on-ramp (Exit 4) and provides a new owner with multiple paths to create value via reposition/lease the existing building, or redevelop the site for industrial or retail use. The Site benefits from its location at a traffic light controlled intersection of Durham Avenue and Hadley Road. Currently occupied by GE Healthcare through 2025, the Property will be sold vacant. Located one-turn off I-287 Exit 4, 900 Durham Avenue is minutes from the NJ Turnpike/I-95, I-78, Route 1&9, 202/206, 22, 18, and 28, the Ports, and NYC. Additionally, the Property offers visibility to the +/-41 MM vehicles which drive past each year, and the 11.4 MM consumers within a 60-minute drive. The I-287/Exit 10 industrial submarket continues to see strong tenant demand with +18.6 million square feet of leasing activity over the last five years. The building is of an ideal size with a weighted average occupancy of 98% in buildings under 50,000 SF since 2020. Currently occupied by GE Healthcare, the property will be delivered vacant. Originally constructed in two phases (1972 and 1989), the 31,800 SF building includes a combination of laboratory space, warehouse, office and storage areas. GE Healthcare and its predecessor utilized 900 Durham Avenue to manufacture and distribute diagnostic pharmaceuticals since 1972.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

2

PARKING SPACES

80

LAND DETAILS

LAND ACRES

3.52

LAND SF

153,331

ZONING

M-2

APN/PARCEL ID

22-00528-0000-00046-10

ASK ABOUT THIS PROPERTY

Andrew SchwartzCushman & WakefieldMore Info
973-292-4624

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

Andrew SchwartzCushman & WakefieldMore Info
973-292-4624

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