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33347726
33347419

300 Thomas Avenue, Monroe, NJ 08094

Keller Williams Realty - Washington Township
Listed by Keller Williams Realty - Washington Township
$1,100,000
0 days on market
Updated 0 days ago

300 Thomas Ave #501

Details
APN 11-14701-00038-C0003
Property Type Industrial, Office
Sub Type Warehouse, Professional Office
Square Footage 7,900
Net Rentable (SqFt) 7,900
Units 6
Cap Rate 9.90%
NOI $109,218
Occupancy 87.34%
Tenancy Multi
Lease Type NNN
Lease Options All leases are currently month to month.
Price per SqFt $139
Class B
Year Built 1986
Buildings 3
Stories 1
Zoning C
Parking Spaces 12 spaces
Parking Per SqFt 1.52
Investment Type Stabilized
Ground Lease No
Ceiling Height 15
Ownership Condominium

Industrial | 9.90% CAP | 7,900 SqFt

Marketing description

Positioned in the highly sought-after Cross Keys Airport Industrial Park, this exceptional income-producing property offers approximately 7,900 square feet of office, warehouse, and storage space with outstanding flexibility for investors, owner-users, or those seeking a combination of both. The main building encompasses approximately 5,000 square feet and features three private offices, three bathrooms, four 12-foot drive-in doors, and three separate warehouse bays, allowing for multiple tenancy configurations or owner occupancy. The largest warehouse space, located on the right side of the building, includes a private office and expansive open warehouse area and is currently vacant, providing an immediate opportunity for an owner-user or additional rental income. The remaining spaces within the main building are currently leased on month-to-month agreements. Complementing the main structure is a 1,600-square-foot hangar building located behind the property and a 300-square-foot storage container adjacent to the building, both of which are also leased on month-to-month terms. The property currently generates approximately $81,000 in annual income, with the vacant warehouse space historically renting for $3,500 per month, creating a projected annual income potential of approximately $123,000 when fully occupied. Served by on-site well and septic systems, the property benefits from low operating expenses, with annual expenses averaging approximately $15,782. Whether you're looking to expand your business operations, establish a headquarters with supplemental rental income, or add a versatile industrial asset to your investment portfolio, this rare offering presents a compelling opportunity in one of South Jersey's most desirable industrial locations. Schedule your private tour today!

Investment highlights

  • Positioned in the highly sought-after Cross Keys Airport Industrial Park
  • Approximately 7,900 square feet of office, warehouse, and storage space
  • Outstanding flexibility for investors, owner-users, or combination of both
  • Main building encompasses approximately 5,000 square feet
  • Features three private offices, three bathrooms, four 12-foot drive-in doors, and three separate warehouse bays
  • Largest warehouse space currently vacant - immediate opportunity for owner-user or additional rental income
  • Remaining spaces leased on month-to-month agreements
  • 1,600-square-foot hangar building located behind the property
  • 300-square-foot storage container adjacent to the building
  • Currently generates approximately $81,000 in annual income
  • Projected annual income potential of approximately $123,000 when fully occupied
  • Served by on-site well and septic systems
  • Low operating expenses - annual expenses averaging approximately $15,782

Listing Contacts

Keller Williams Realty - Washington Township
Listed by Keller Williams Realty - Washington Township

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$109,218.00
$9,101.50/mo

Valuation Metrics

0
DSCR
9.93%
Cap Rate
9.93%
ROI

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