1467 Route 31 Annandale, NJ

Execute CA

The Offering

Address

1467 Route 31
Annandale, NJ 08801

Overview

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 1467 Route 31 (the “Property”) for sale.

This two-story building totals 105,074 SF and is situated on a +/- 10.43-acre site with 700 feet of frontage along Route 31. The Property is ideally located immediately at the I-78 interchange (Exit 17), and just 18 miles from the Pennsylvania border in Hunterdon County, one of the wealthiest counties in NJ and in the US ($152,052 average household income).

The Property historically served as as home to Ingersoll Rand, whose full-building net lease is set to expire in July-2022, and the tenant has vacated the premises. As such, this offering presents investors, developers and users with various repositioning opportunities while benefiting from short-term in-place cash flow. However, the building can also be delivered free and clear of the lease encumbrance upon request, providing buyer/user flexibility.

Future Lab Potential | Unique Building Characteristics

• Below-Grade Commercial Equipment Lab Testing Space

• 16' Open Ceilings + Warehouse Component

• 9" Spring Supported Concrete Floors (Vibration & Noise Reduction) in Lower Level

• 2 Loading Docks

• Equipment Testing & Observation Rooms

• Full-Service Cafeteria

• Conference / Training Room

• Fitness Center (Locker Rooms & Showers)

Site Plan

Location

Investment Sales

 

ANDREW J. MERIN
Executive Vice Chairman
+ 1 201 460 3358
Andrew.merin@cushwake.com


DAVID W. BERNHAUT
Executive Vice Chairman
+ 1 201 460 3356
david.bernhaut@cushwake.com

GARY GABRIEL
Vice Chairman
+ 1 201 460 3352
gary.gabriel@cushwake.com

BRIAN J. WHITMER
Vice Chairman
+ 1 201 508 5209
brian.whitmer@cushwake.com

KYLE B. SCHMIDT
Managing Director
+ 1 201 508 5266
kyle.schmidt@cushwake.com

FRANK A. DITOMMASO II
Director
+ 1 201 508 5303
frank.ditommaso@cushwake.com