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Fire Road Industrial Flex Condominiums 2511 Fire Rd

46,860 SF 100% Leased Flex Building Egg Harbor Township, NJ 08234 $5,949,917 CAD ($127 CAD/SF) 8% Cap Rate

Investment Highlights

  • Opportunity Zone
  • Outstanding Location
  • Minimal Landlord Responsibilities
  • Demographics & Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the condominium interest in the Fire Road Industrial/Flex Condominiums, an investment property located at 2511 Fire Road in Egg Harbor Township, New Jersey (the “Property”). The offering is comprised of twelve (12) condominium units spread across two buildings. The units contain a total of 46,860 square feet of rentable space and are 91.46% occupied. The Property features one vacant 4,000 square foot unit that offers significant upside through lease up. The Fire Road Industrial/Flex Condominiums are well located along Fire Road (Atlantic 651) on the northeastern edge of Egg Harbor Township. The Property is positioned within an industrial zone that is home to countless industrial, warehouse and flex buildings and hundreds of established businesses. The Property offers outstanding access to the Garden State Parkway, Atlantic City Expressway, US Route 9 and US Highways 30 and 40, the area’s two primary commercial corridors. Egg Harbor Township is a vibrant community with a rich history, diverse population, and a variety of attractions and amenities. Situated just west of Atlantic City, the township covers approximately 74 square miles and is home to about 45,000 residents, making it one of the largest municipalities in the region.

Property Facts

Price $5,949,917 CAD
Price Per SF $127 CAD
Sale Type Investment
Cap Rate 8%
Property Type Flex
Property Subtype Light Distribution
Building Class B
Rentable Building Area 46,860 SF
No. Stories 1
Year Built 1982
Opportunity Zone Yes
  • Listing ID: 33610286

  • Date on Market: 2024-10-23

  • Last Updated:

  • Address: 2511 Fire Rd, Egg Harbor Township, NJ 08234

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