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32920437
32920438

116 SUMMIT AVE, CHATHAM, NJ 07928-2727

JS
NJ NJ 1969050
Cushman & Wakefield - Morristown, New Jersey
DB
NJ 2189189
Cushman & Wakefield - Morristown, New Jersey
AB
NJ2185253
Cushman & Wakefield - Morristown, New Jersey
Cushman & Wakefield - Morristown, New Jersey
Listed by Cushman & Wakefield - Morristown, New Jersey
Unpriced
8 days on market
Updated 8 days ago

116 Summit Avenue

Details
APN 1404_133_1
Property Type Industrial
Sub Type Flex, R&D (+1)
Square Footage 25,000
Units 18
Tenancy Vacant
Class B
Year Built 1955
Stories 1
Acreage 1.270
Zoning M-1 Industrial
Parking Spaces spaces
Investment Type Value Add
Ground Lease No
Loading Docks 1
Ownership Fee Simple
Sale Condition N/A

+/-25,000 SF Vacant Flex Industrial Opportunity

Marketing description

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 116 Summit Avenue, Chatham, New Jersey 07928 for sale. The asset consists of an approximately 25,000 SF flex-industrial building on 1.27 acres that sits less than one mile from Route 24. Historically occupied by a pharmaceutical manufacturing company, the property will be delivered VACANT at closing, creating a rare opportunity for an owner-user, investor, or repositioning buyer to immediately occupy and control the asset.

The property offers a functional mix of manufacturing, laboratory, warehouse, and office space, supported by 18 onsite parking spaces and one loading dock. Strategically located with access throughout Northern New Jersey via Route 24, I-78, and Route 287, the asset further benefits from its location within Chatham, one of the region’s most desirable and affluent communities, known for its strong demographics, educated workforce, and limited competing industrial inventory.

Investment highlights

1 Mile to Route 24

Premium Chatham, New Jersey Address

M-1 Industrial District Zoning

Listing Contacts

JS
NJ NJ 1969050
Cushman & Wakefield - Morristown, New Jersey
DB
NJ 2189189
Cushman & Wakefield - Morristown, New Jersey
AB
NJ2185253
Cushman & Wakefield - Morristown, New Jersey
Cushman & Wakefield - Morristown, New Jersey
Listed by Cushman & Wakefield - Morristown, New Jersey

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Additional Information

Name
Jordan Sobel
License
NJ 1969050
Brokerage Phone
9084204665
Name
Dan Bottiglieri
License
2189189
Brokerage
Cushman & Wakefield
Brokerage Phone
7324391919
Title
Senior Associate - Investment Sales
Brokerage Address
1150 Headquarters Plaza
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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