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8 Progress St 67,000 SF Industrial Building Edison, NJ 08820 $17,000,000 ($253.73/SF)
EXECUTIVE SUMMARY
This is a fully leased investment property that has a 10 year lease in place which started May of 21'. As well, the owner is fully approved to build another 29,000 SF of extra building. There is 1 tenant in the entire building. The current building is NOT available to a user at the moment.
PROPERTY FACTS
| Price | $17,000,000 | No. Stories | 1 |
| Price Per SF | $253.73 | Year Built | 1980 |
| Sale Type | Investment | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.77/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 24’ |
| Building Class | C | No. Dock-High Doors/Loading | 4 |
| Lot Size | 4.06 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 67,000 SF |
| Price | $17,000,000 |
| Price Per SF | $253.73 |
| Sale Type | Investment |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.06 AC |
| Rentable Building Area | 67,000 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Tenancy | Single |
| Parking Ratio | 0.77/1,000 SF |
| Clear Ceiling Height | 24’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 1 |
UTILITIES
- Water - City
- Sewer - City
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PROPERTY TAXES
| Parcel Number | 05-00412-02-00012-01 | Improvements Assessment | $887,600 |
| Land Assessment | $649,600 | Total Assessment | $1,537,200 |
PROPERTY TAXES
Parcel Number
05-00412-02-00012-01
Land Assessment
$649,600
Improvements Assessment
$887,600
Total Assessment
$1,537,200
ZONING
| Zoning Code | RI |
| RI |
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8 Progress St
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