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Unknown For Lease • 100,000+ SF
| Name | Space Use | Size | Rent | Details |
|---|---|---|---|---|
| 1st Floor Ste | Industrial | 100,000-251,410 SF | Rate Upon Request | |
Unmatched rail capability. NS can deliver 60 rail cars/day. Interior single or double rail spur. Rebuilt rail can accommodate 286,000 pound cars. 90 car rail storage yard in construction to be completed by end of the year. 25x dock positions are provided. 9' x 10' insulated steal vertical lift overhead doors and 10 additional docs can be added.
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This site offers a strategic advantage that no other building in the market has given that it is located on federal government land. As a result the town of Hillsborough has no tax assessment or collection rights nor do they have any governmental oversight. With regard to taxes the ownership makes a voluntary tax payment to the town. The projected Tax and Cam payment for the entire 1.2 MM Sq. Ft. industrial park inclusive of the new building for 2023 is $2.50 p.s.f. Ordinarily with regard to build out of office space or infrastructure a town would have the right to reassess those improvements upon completion. That does not happen in this park. There is no C|O requirement for this building. Nor is there township review of a tenants rack plan. The Rail capability is also unique to the market. NS can deliver 60 286,000lbs rail cars to this site per day and the landlord is in the process of building a 60 car rail storage yard.
| Taxes and Cam are significantly below market |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Somerville (Raritan Valley Line - NJ Transit Commuter Rail (NJ Transit)) | 7 min | - | 2.7 mi |
| Raritan (Raritan Valley Line - NJ Transit Commuter Rail (NJ Transit)) | 9 min | - | 3.8 mi |
| Airport | Drive | Walk | Distance |
| Trenton Mercer | 47 min | - | 27.8 mi |
| Newark Liberty International | 48 min | - | 37.4 mi |
Benjamin Shapiro
CBRE
Benjamin Shapiro
CBRE
