18 N Virginia Ave - Refrigeration Cold Storage FOR SALE


Penns Grove, NJ 08069
$3,750,000 USD
610-989-0300
18 N Virginia Ave, Penns Grove, NJ for Sale
$3,750,000 USD
Refrigeration Cold Storage - FOR SALE
1/13
null | 8% Cap Rate

18 N Virginia Ave
Penns Grove, NJ 08069


HIGHLIGHTS

  • Excellent Location For Recently Renovated Dry/Cold Storage Space!
  • Fully renovated property within the last 12 months.
  • Conveniently located on Route 130 in Penns Grove with easy access to major highways, Philadelphia, and Delaware
  • 7 Minutes to Route 295 and NJ turnpike and just minutes to Route 322

OVERVIEW

-Single-tenant NNN Sale Leaseback Opportunity! -Seller will lease back 100% of the property on a 8-year lease term with two 5-year option periods. This property consists of 27,000 square feet, currently fit-up with approximately 800 square feet of office space, freezer space, cold storage space, dry storage space, and a commercial kitchen. The property has 3 loading docks, one with an automatic dock leveler, 16’-19’ ceiling clear, brand new reflective roof to reduce heat absorption, new HVAC systems, upgraded electrical systems, new LED lighting throughout, and new men’s and women’s restrooms and lockers. The property is zoned H-C/I – Highway Commercial/Industrial and is currently a food processing/manufacturing and distribution facility for the owner occupier Fuel Meals. Fuel Meals offers a wide range of fresh, fully prepared meals delivered to the entire United States. The property is well located in Southern New Jersey on Route 130 in Penns Grove with easy access to Route 295, the NJ Turnpike, Philadelphia, and Delaware.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$139 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Refrigeration Cold Storage

ADD'L SUBTYPES

undefined, Food Processing, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

UTILITIES

Gas - Natural, Water - City, Sewer - City

CLEAR CEILING HT

16.666666666666668 Ft

DOCKS

3

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97

LAND SF

42,301

ZONING

comm

APN/PARCEL ID

08-00041-0000-00008

ASK ABOUT THIS PROPERTY

Dean GeisNAI Geis Realty Group, Inc.More Info
610-989-0300

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Dean GeisNAI Geis Realty Group, Inc.More Info
610-989-0300

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