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700 Grand Ave
39,000 SF 84% Leased Industrial Building Hackettstown, NJ 07840 For Sale
Investment Highlights
- Interior and exterior completely renovated in 2022-2023
- 13 In-demand units with diversified income
- Professional Triple Net Leases in place for all Tenants
- Flexible zoning permits warehousing, manufacturing, R&D, office, recreation and more
Executive Summary
Eleven of the thirteen units are first floor industrial/flex spaces with independent drive-in or tailgate loading. The single second floor unit is a fully Leased, elevator serviced flex/office unit of ±5,500 SF.
All units include new HVAC systems servicing office and warehouse areas with both heating and air conditioning coupled with all new roofs and energy efficient insulated ceiling systems.
New office and restroom buildouts are included for each unit along with a utility sink in every warehouse. Electrical service upgrades include new breaker panels, wiring, and either 200 Amps @ 240V (buildings 1&2) or 200 Amps @ 208V (building 3) – all separately metered for each Tenant. Substantial upgrades have been completed for Water, Sewer and Gas utilities and are all separately metered.
The newly installed parking lot includes 71 spaces providing ample parking to support the site. The site offers attractive curb appeal which has been completed with a new brick façade, new sod lawn and landscaping throughout, pedestrian walkways and covered entries.
Offering Memorandum available upon request.
Property Facts
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1900 |
| Property Subtype | Warehouse | Parking Ratio | 1.82/1,000 SF |
| Building Class | A | Clear Ceiling Height | 14 ft |
| Lot Size | 4.20 AC | No. Dock-High Doors/Loading | 1 |
| Rentable Building Area | 39,000 SF | No. Drive In / Grade-Level Doors | 10 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 4.20 AC |
| Rentable Building Area | 39,000 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 1.82/1,000 SF |
| Clear Ceiling Height | 14 ft |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 10 |
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Recently renovated Industrial/Flex spaces available in Hackettstown location with nearby access to Routes 46, 80 and 57. These two adjacent units can be leased together or independently and feature 12’-14’ ceiling height, epoxy floors, tailgate and drive-in loading, warehouse/office heat & ac, and finished office space. Unit 1 is ±3,200 SF and Unit 2 is ±3,100 SF.
| Space | Size | Space Use | Condition | Available |
| 1st Fl - 1&2 | 3,100-6,300 SF | Industrial | Full Build-Out | Now |
1st Fl - 1&2
| Size |
| 3,100-6,300 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl - 1&2
| Size | 3,100-6,300 SF |
| Space Use | Industrial |
| Condition | Full Build-Out |
| Available | Now |
Recently renovated Industrial/Flex spaces available in Hackettstown location with nearby access to Routes 46, 80 and 57. These two adjacent units can be leased together or independently and feature 12’-14’ ceiling height, epoxy floors, tailgate and drive-in loading, warehouse/office heat & ac, and finished office space. Unit 1 is ±3,200 SF and Unit 2 is ±3,100 SF.
PROPERTY TAXES
| Parcel Number | 08-00108-0000-00001 | Improvements Assessment | $4,956,497 CAD |
| Land Assessment | $742,880 CAD | Total Assessment | $5,699,377 CAD |
PROPERTY TAXES
zoning
| Zoning Code | LM (Limited Manufacturing) |
| LM (Limited Manufacturing) |
Presented by
700 Grand Ave
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