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11 Cotters LN East Brunswick, NJ 08816
15,000 SqFt
UPDATED:
01/30/2025 09:53 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 15,000 sqft
Price per Sqft $320
MLS Listing ID 2508700R
Originating Board CJMLS API
Year Built 1967
Annual Tax Amount $42,796
Tax Year 2023
Lot Size 2.850 Acres
Acres 2.85
Lot Dimensions 0.00 x 0.00
Property Description
11 Cotters Lane is available for sale for the first time. This prestigious headquarters of Gold Medal Service faces the New Jersey Turnpike, and has high visibility from both directions. Sitting on 2.85 Acres of Industrially Zoned Land, the existing building totals 15,000 SF with parking in front for 25+ cars and parking in rear for vehicles, equipment storage and supplies. Gold Medal has recently renewed their lease, making this a great investment for any purchaser looking to acquire stable industrial properties anchored with strong tenancies. (Financial details available upon request). In addition, the current improvements comprise about half of the property. There is potential to expand the footprint of the building by an additional 10,000-14,000 SF and the parking by an added 30 spots. (See attached concept plan and aerial view outlining the area of the property ideal for expansion.) Ideal Uses: The property is an ideal stable investment. The tenant's have been located at the property for 18+ years and in business for 25+ years and are one of the top service companies in New Jersey. The additional land and potential to add value to the property make it ideal for Industrial Developers looking to acquire approvals for the expansion, build it, and lease It for added income, increasing the value of the property and the NOI. Property Features: Existing Building: 15,000 SF on One Level 2.85 Acres in the PI Zone (Planned Industrial) Current Parking for 25+ Cars plus Rear Parking for Vehicles and Equipment Storage. Prime Location Facing the NJTP with Massive Visibility Stable Tenant w/ Long Track Record and Recent Lease Renewal Value-Add: 1+ Acre of Developable Industrial Land for Possible 10-14k SF Expansion Ideal for Investment, Development, or Owner Occupier Real Estate Taxes: $41,429 per year Asking Price: $4,800,000 CAP Rate: 6% This is a trophy property with a great tenant in a prime location.
Location
State NJ
County Middlesex
Zoning PI
Interior
Heating See Remarks
Cooling See Remarks
Flooring See Remarks
Exterior
Utilities Available See Remarks
Roof Type See Remarks
Total Parking Spaces 25
Building
Lot Description Industrial Area, Industrial Park
Sewer Public Sewer
Water Public
Others
Senior Community no
Tax ID 04000290400003
Listed by DAVIS REALTORS