174-176 Route 50
174-176 Route 50, Estell Manor, NJ 08319
Marketing description
Prime industrial/warehouse asset in Estell Manor (Mays Landing), NJ — strategically positioned in Atlantic County with outstanding regional logistics access. The 32,750 SF multi-tenant warehouse sits on 18+ acres, offering 5 acres of cleared land and 60,000 SF of additional outdoor storage. The building features newly installed high-efficiency LED lighting, high ceiling heights, and a flexible layout served by five overhead doors on three sides, three elevated loading docks, and two ground-level doors. Two wide site entrances allow simultaneous multi-truck ingress/egress, optimizing throughput for logistics and industrial operators. Located minutes from the Atlantic City Expressway, Route 40, and Route 322 (Black Horse Pike), the asset offers immediate access to Atlantic City, Philadelphia, and the greater South Jersey corridor.
Situated along the Route 50 corridor in Estell Manor, Atlantic County, the property enjoys unmatched regional connectivity for South Jersey industrial operations. The site is minutes from the Atlantic City Expressway (Exit 17), Route 40 (Black Horse Pike), and Route 322, creating a multi-directional logistics hub serving Atlantic City, Philadelphia, Vineland, and beyond. Two wide site entrances allow simultaneous tractor-trailer access — a critical advantage for high-throughput distribution and storage operations.
Investment highlights
- In-place avg $6.75/SF vs. $10.00/SF market — 48% rent upside
- 60,000 SF outdoor storage + 5 cleared acres — add'l revenue
- Minutes to AC Expressway, Route 40 & Route 322
- Below replacement cost: $76/SF vs. $100-$150+/SF new construction
- Mark-to-Market Upside: In-place rents average $6.75/SF vs. market of $10.00/SF — a 48% rent gap representing $97,855 of additional annual NOI potential at full stabilization.
- Outdoor Storage Premium: 60,000 SF of outdoor storage and 5 cleared acres represent underutilized revenue potential for equipment, vehicle, or material storage leases at rates of $2-$5/SF/yr — a potential $120,000-$300,000 additional income stream.
- LED-Ready Infrastructure: Newly installed LED lighting reduces tenant utility costs and deferred maintenance risk — a significant operational advantage already completed.
- Low Basis — High Replacement Cost: At $76/SF, the asset trades well below replacement cost for industrial in South Jersey ($100-$150+/SF for new construction).
- Logistics Hub Location: Minutes from the AC Expressway and Route 40/322 corridors in a supply-constrained South Jersey industrial market with strong demand fundamentals.
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