Two-Building Warehouse Complex | Broad Zoning | 2907 Fire Rd
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Two-Building Warehouse Complex | Broad Zoning 2907 Fire Rd
14,260 SF Vacant Industrial Building Online Auction Sale Egg Harbor Township, NJ 08234
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Investment Highlights
- Fully vacant two-building warehouse complex with owner/user optionality or upside in placing new tenants at market rates.
- Near it all on Fire Road, a highly trafficked thoroughfare in Egg Harbor Township that sees over 12,700 vehicles per day.
- Broad zoning allows for many future uses, including retail, offices, light industrial, nursing facilities, and self-storage.
- Strategically positioned near the overlap of Route 40 and Garden State Parkway just minutes to the Atlantic City International Airport.
- Property comes equipped with a 7,450-square-foot warehouse with a 22-foot clear height and two drive-in doors, perfect for many users.
- Egg Harbor Township’s population is growing within a 10-mile radius with over 135,000 employees in the workforce.
Executive Summary
2907 Fire Road presents a lucrative owner/user opportunity in Egg Harbor Township, New Jersey. The property is split into two buildings and will be delivered fully vacant. Equipped with many desirable industrial features, this asset can meet many business needs. The warehouse has a 22-foot clear height and two drive-in doors with a 14-foot clearance. The assets are perched on 2.47 acres with 46 parking spaces perfect for large vehicle parking and storage. Additionally, the broad zoning allows for many potential uses based on the new ownership’s vision and business needs. Route 206 Center District (RCD Zone) in New Jersey allows for retail sales and services, such as grocery stores, drug stores, and restaurants. It also allows for general businesses and professional offices. Nursing homes, assisted living facilities, and other medical facilities are also permitted here. Light industrial use and self-storage are also allowed. Because of the broad zoning and industrial features put into place, this property is desirable for many future businesses.
Egg Harbor is considered a part of the Atlantic City/Hammonton industrial submarket, which bodes well, as this is a strong submarket in New Jersey. The Atlantic City/Hammonton industrial submarket has a vacancy rate of 3.7% as of the fourth quarter of 2024. This time last year, the submarket had a vacancy rate of 4.2%. The year-over-year change in the Atlantic City/Hammonton vacancy rate was a result of 6,500 square feet of net delivered space and 100,000 square feet of net absorption over the past year. The Atlantic City/Hammonton industrial submarket contains roughly 9.6 million square feet of inventory. The submarket has approximately 5.7 million square feet of logistics inventory, 1.4 million square feet of flex inventory and 2.5 million square feet of specialized inventory. Rents have changed by 3.2% year over year in Atlantic City/Hammonton, compared to a change of 3.2% market-wide.
2907 Fire Road is highly accessible, making travel to and from a breeze. The asset is near the convergence of Black Horse Pike and Garden State Parkway. Black Horse Pike is home to a plethora of retailers, including Chick-fil-A, Petco, Sam’s Club, Dollar Tree, Burger King, and others. Just west of Atlantic City, the property is minutes from the Atlantic City International Airport.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Egg Harbor is considered a part of the Atlantic City/Hammonton industrial submarket, which bodes well, as this is a strong submarket in New Jersey. The Atlantic City/Hammonton industrial submarket has a vacancy rate of 3.7% as of the fourth quarter of 2024. This time last year, the submarket had a vacancy rate of 4.2%. The year-over-year change in the Atlantic City/Hammonton vacancy rate was a result of 6,500 square feet of net delivered space and 100,000 square feet of net absorption over the past year. The Atlantic City/Hammonton industrial submarket contains roughly 9.6 million square feet of inventory. The submarket has approximately 5.7 million square feet of logistics inventory, 1.4 million square feet of flex inventory and 2.5 million square feet of specialized inventory. Rents have changed by 3.2% year over year in Atlantic City/Hammonton, compared to a change of 3.2% market-wide.
2907 Fire Road is highly accessible, making travel to and from a breeze. The asset is near the convergence of Black Horse Pike and Garden State Parkway. Black Horse Pike is home to a plethora of retailers, including Chick-fil-A, Petco, Sam’s Club, Dollar Tree, Burger King, and others. Just west of Atlantic City, the property is minutes from the Atlantic City International Airport.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
Market Analytics Click Here to Access
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Market Sale Price per SF
Atlantic City - NJ USA
Market Cap Rate
Atlantic City - NJ USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
| Sale Type | Investment | Rentable Building Area | 14,260 SF |
| Sale Conditions | Auction Sale | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1977 |
| Property Subtype | Warehouse | Parking Ratio | 3.23/1,000 SF |
| Building Class | B | Clear Ceiling Height | 22 ft |
| Lot Size | 2.47 AC | No. Drive In / Grade-Level Doors | 2 |
| Sale Type | Investment |
| Sale Conditions | Auction Sale |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.47 AC |
| Rentable Building Area | 14,260 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 3.23/1,000 SF |
| Clear Ceiling Height | 22 ft |
| No. Drive In / Grade-Level Doors | 2 |
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Philadelphia
1,584,138
58
1 h 18 m
New York
8,398,748
126
2 h 41 m
Washington
702,455
166
3 h 42 m
Boston
694,583
329
6 h 46 m
Columbus
892,533
530
10 h 18 m
Charlotte
872,498
565
11 h 22 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
231,457
Total Labor Force
122,064
Unemployment Rate
5.04%
Median Household Income
$67,656
Warehouse Employees
10,342
High School Education Or Higher
89.80%
$ values in USD
PROPERTY TAXES
| Parcel Number | 08-02121-0000-00007 | Improvements Assessment | $1,341,020 CAD |
| Land Assessment | $348,006 CAD | Total Assessment | $1,689,025 CAD |
PROPERTY TAXES
Parcel Number
08-02121-0000-00007
Land Assessment
$348,006 CAD
Improvements Assessment
$1,341,020 CAD
Total Assessment
$1,689,025 CAD
zoning
| Zoning Code | RCD |
| RCD |
Sale Advisors
Sale Advisors
Steve Mariani, Senior Associate
(201) 742-6158
Contact
Steve Mariani is a Senior Associate in Marcus & Millichap’s New Jersey office. Steve exclusively represents buyers and sellers of industrial properties throughout the region, and acts in accord with the company-wide mission to help clients create and preserve wealth by providing the best real estate investment sales, financing, research and advisory services available. With more than fifteen years of experience in the real estate industry, Steve has transacted multiple asset types including industrial, office, retail, mixed-use, and single tenant net-leased properties. In addition, he has held licenses as a certified real estate appraiser, title insurance producer, and registered securities representative. Steve was with Marcus & Millichap from 2014 to 2017, before rejoining in 2022.Steve’s goal is to approach every client’s challenges with enthusiasm and diligence, building long-term relationships by connecting the right people, capital and opportunities. He is a graduate of Thomas Edison State University in Trenton and lives in a small Jersey shore community with his wife and two children. NJ: 1433765
Alan Cafiero, Senior Managing Director Investments
(201) 742-6118
Contact
Alan Cafiero leads the largest team of investment sales agents in the New Jersey Marcus & Millichap office who focus on representing owners and developers in the disposition of commercial real estate assets. Alan specializes in selling net lease properties, retail shopping centers, office and industrial properties in New Jersey and the Northeast. After 14+ years in the business, Alan has closed over 450 transactions totaling over $1.6 Billion of real estate.
Alan graduated from Seton Hall University in 2004 with a B.S. in Business Administration, with a concentration in Finance and Sports Management.
Alan and Ben are the top performing team for Marcus & Millichap in New Jersey. Alan has received Sales Recognition Awards each year from 2011 – 2021, the National Achievement Award each year from 2015 – 2021, and received the Chairman's Club Award in 2021. Alan has twice been named to Mid-Atlantic Real Estate Journal’s Top 40 under 40. Alan is a member of the International Council of Shopping Centers and NAIOP.
Alan graduated from Seton Hall University in 2004 with a B.S. in Business Administration, with a concentration in Finance and Sports Management.
Alan and Ben are the top performing team for Marcus & Millichap in New Jersey. Alan has received Sales Recognition Awards each year from 2011 – 2021, the National Achievement Award each year from 2015 – 2021, and received the Chairman's Club Award in 2021. Alan has twice been named to Mid-Atlantic Real Estate Journal’s Top 40 under 40. Alan is a member of the International Council of Shopping Centers and NAIOP.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Emily Walper
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
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Steve Mariani -
Alan Cafiero -
Marcus & Millichap
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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Two-Building Warehouse Complex | Broad Zoning | 2907 Fire Rd
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