Press Release brought to you by Besen Special Assets / A Division of the Besen Group

REO Asset Sale: 89,800 SF Office/Warehouse Flex Building on 37 Acres in Kingwood/Frenchtown, Hunterdon County, New Jersey

09/17/2013

843 Route 12, Kingwood, NJ

Address
843 State Route 12
Kingwood (aka Frenchtown), NJ 08825
Hunterdon County

Asset Details
Property Type: Office/Warehouse Flex
Block/Lot: 15/8.02, 8.03, 8.04
Building Size: 89,800 gross SF
Lot Size: 1,652,231 SF (37.93 acres)
Total Units: Twenty-Four (24) units
Frontage: 564’ along Rt. 12
Stories: One (1) plus mezzanine
Built: 2007
Zoning: Business / Commercial
Parking: 252 Spaces
Taxes: $93,822.74 (2013)
Tax Assessment: $4,519,400 (2013)

Overview

The subject asset is a 89,800 SF office/warehouse flex building located in Kingwood, NJ. The building, completed in 2007, offers twenty-four (24) units ranging from 2,750 SF to 11,350 SF and each unit features 750 SF of furnished office space with the balance being warehouse space. The building has gas-fired, forced hot air heat and central air conditioning in the office space and gas-fired space heaters in the warehouse area. It is fully protected by a wet sprinkler system and each unit has a three-phase, 200-amp electrical service. The warehouse space has 21’ clear ceilings and each unit features either 1 drive-in door or 1 loading dock. The subject lot, measuring 1,652,231 SF or 37.93 acres, features ample parking with over 250 lined spaces. It is conveniently located 5.6 miles from the New Jersey/Pennsylvania border, 6.4 miles from Route 202 and 10 miles from Route 22/I-78.



Contact 732.945.3763 for more details

09/17/2013 - 15:06

Source

Besen Special Assets / A Division of the Besen Group

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