Located in the heart of Union County, 1000 Cellar Ave. is situated on 5.4 acres and near the Garden State Parkway as well as Routes 22 and I-78. The building offers room for expansion, parking spaces for more than 130 cars, 1,600 amps of power and 100 tons of HVAC. Zoning also allows for residential redevelopment
"This building is perfectly suited for a single user who requires a freestanding, corporate headquarters building and campus setting near the Garden State Parkway and Newark Airport," says Ian Grusd, managing director for Sperry Van Ness and listing agent for the property.
"We are speaking with not-for-profit organizations, private and public schools as well as local and regional municipalities that might require a training center campus. We have also been fielding calls from data centers that require heavy power and parking, which this building provides," he continues. Grusd adds that the asking sale price is 3.85 million and the lease amount is $12 per square foot, triple net.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.