Bartles Corner Business Park FOR SALE


Flemington, NJ
$8,675,000 USD
908-360-8052
, Flemington, NJ for Sale
$8,675,000 USD
FOR SALE
1/3
null | 8.25% Cap Rate

Bartles Corner Business Park
Flemington, NJ


HIGHLIGHTS

  • This Property represents one of the few modern industrial developments in this market area over the past decade.
  • This portfolio has maintained an almost full occupancy status for the last 10 years.
  • Attractive location in Hunterdon County, NJ: Situated in Raritan Township, NJ and in the state's most affluent county.
  • Bartles Corner Business Park maintains a high level of interest from potential tenants due to the ongoing shortage of small bay industrial space i

OVERVIEW

Bartles Corner Business Park is a modern 87,250 SF industrial/flex/hi-tech/office business park on 8.5 acres in the I-2 zone. It is located just east of the intersection of State Route 31 and Bartles Corner Road, an intersection that carries more than 22,000 vehicles per day (TrafficMetrix 2022). The park was originally designed as a condominium park but only a few of these units are now third-party owned. The park is comprised of three (3) buildings, the first is a 43,750 SF light industrial flex building with seven (7) equal sized units of 6,250 SF each. These units all have tailgate loading, and 20’ clear ceilings with modern heat and lighting. One of the seven (7) units is owned by a third party. Building 2 is a 32,500 SF light industrial/office/tech flex building with three (3) tenants of varying size with the largest occupying over 70% of the building. Loading doors are available for use at this building with potential for additional loading doors. Building 3 is an 11,000 SF, two-story office building with approximately 4,494 SF owned by the Seller. The remaining space is occupied by tenants who pay their maintenance fees to the condominium association.

ASK ABOUT THIS PROPERTY

Peter WisniewskiKislak Commercial Real Estate Services, Inc.More Info
908-360-8052

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Peter WisniewskiKislak Commercial Real Estate Services, Inc.More Info
908-360-8052

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