110 CUSHMAN AVE Berlin Township NJ 08091

Sands Investment Group is pleased to exclusively offer for sale the 32,500 SF Multi-Tenant Industrial Flex Building located at 110 Cushman Avenue in West Berlin, NJ. This three-tenant property offers a strong and secure return on investment with very few landlord responsibilities - the net leases feature annual base rent increases of 3% to 4% and the landlord is only responsible for maintaining the roof (replaced in 2022) and structure.

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• Attractive and secure investment opportunity: priced below replacement cost with a cap rate of 7.85%, this property offers a strong return on investment; the property boasts an annual NOI of $271,340 from its three tenants, who are all on NNN leases (excluding roof & structure) with strong annual increases

• Building can be easily subdivided into additional units, offering longterm flexibility and value-add potential

• The building's largest tenant, Kepple's Carpet, occupies just over 60% of the building, has been operating out of this location for 20 years, and has 4% annual rent escalations

• Recent upgrades: the property features a new roof installed in 2022; tenants are responsible for all operating expenses except for roof & structure

• Strategic location: located near highway 73, the property benefits from high visibility and accessibility, its proximity to major transportation routes, and the lack of nearby residential areas adds to its appeal for commercial and industrial uses

• Dynamic zoning: situated on a +/- 2-acre lot and zoned C-3 (highway commercial 3), this property supports a range of commercial activities, including retail, warehousing, storage, and more