11 Cotters Lane, East Brunswick
15,000 SF Industrial Building for Sale at $5,339,000
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Existing Building: ±15,000 SF on One Level
2.85 Acres in the PI Zone (Planned Industrial)
Prime Visible Location Facing the NJTPK
Stable Long Term Tenant w/ NNN Lease
Potential Expansion for added 10k SF Warehouse and Parking
FIRST TIME TO MARKET: 11 Cotters Lane is available for sale for the first time. This prestigious headquarters of Gold Medal Service faces the New Jersey Turnpike, and has high visibility from both directions. Sitting on 2.85 Acres of Industrially Zoned Land, the existing building totals ±15,000 SF with parking in front for 25+ cars and parking in rear for vehicles, equipment storage and supplies.
Gold Medal has recently renewed their lease, making this a great NNN investment for any purchaser looking to acquire stable industrial properties anchored with strong tenancies. (Financial details available upon request).
In addition, the current improvements comprise about half of the property. There is potential to expand the footprint of the building by an additional ±10,000 SF and the parking by an added ±30 spots. (See attached concept plan and aerial view outlining the area of the property ideal for expansion.)
Ideal Uses: The property is an ideal stable NNN investment. The tenant’s have been located at the property for 18+ years and in business for 25+ years and are one of the top service companies in New Jersey. The additional land and potential to add value to the property make it ideal for Industrial Developers looking to acquire approvals for the expansion, build it, and lease It for added income, increasing the value of the property and the NOI.
Finally, the property is ideal for Industrial End-Users needing space for their business. The potential expansion provides a balance of stable income from the tenant, covering the costs of the property, and the expansion provides space for the users business.