300 Thomas Ave Unit 501, Williamstown, NJ 08094

$1,100,000

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List Price
$1,100,000
Status
ACTIVE
MLS#
NJGL2079276
Year Built
1986
County
Gloucester
School District
Monroe Township Public Schools

Property Description

INVESTMENT OPPORTUNITY – 100% OCCUPIED WITH STRONG CASH FLOW! Positioned in the highly sought-after Cross Keys Airport Industrial Park, 300 Thomas Ave., Unit 501 presents an attractive opportunity to acquire a fully occupied, income-producing industrial asset with approximately 7,900 square feet of office, warehouse, hangar, and storage space. All 7 units are currently occupied, generating approximately $124,200 in gross annual rental income. With low annual operating expenses of approximately $20,089, the property produces an estimated $104,111 in net operating income before debt service, making this a compelling addition to an investor’s portfolio. The approximately 5,000-square-foot main building features three private offices, three bathrooms, four 12-foot drive-in doors, and three separate warehouse bays, providing a versatile mix of office and industrial space. The property also includes an approximately 1,600-square-foot hangar building and a 300-square-foot storage container, further diversifying the rental income. On-site well and septic help keep operating expenses low. With all 7 units occupied and income already in place, investors can benefit from immediate cash flow without the initial lease-up typically associated with multi-tenant industrial properties. A rare opportunity to acquire a fully leased, multi-tenant industrial investment in one of South Jersey’s desirable industrial locations. Schedule your private tour today!

Additional Information

Area
Monroe Twp (20811)
Subdivision
None Available
Building Name
Cross Keys Industrial Pa
School District
Monroe Township Public Schools
Flooring
Concrete
View
Other
Heating
Wall Furnace
Cooling
Ductless Mini-Split
Roof
Flat, Rubber, Metal, Pitched
Water
Well
Sewer
Septic Tank

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Listing courtesy of Keller Williams Realty - Washington Township. Contact: