Bartles Corner Business Park
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Bartles Corner Business Park
3 Properties Offered at £6,804,757 in Flemington, NJ
Investment Highlights
- This Property represents one of the few modern industrial developments in this market area over the past decade.
- Attractive location in Hunterdon County, NJ: Situated in Raritan Township, NJ and in the state's most affluent county.
- This portfolio has maintained an almost full occupancy status for the last 10 years.
- Bartles Corner Business Park maintains a high level of interest from potential tenants due to the ongoing shortage of small bay industrial space i
Executive Summary
Bartles Corner Business Park is a modern 87,250 SF industrial/flex/hi-tech/office business park on 8.5 acres in the I-2 zone. It is located just east of the intersection of State Route 31 and Bartles Corner Road, an intersection that carries more than 22,000 vehicles per day (TrafficMetrix 2022). The park was originally designed as a condominium park but only a few of these units are now third-party owned.
The park is comprised of three (3) buildings, the first is a 43,750 SF light industrial flex building with seven (7) equal sized units of 6,250 SF each. These units all have tailgate loading, and 20’ clear ceilings with modern heat and lighting. One of the seven (7) units is owned by a third party.
Building 2 is a 32,500 SF light industrial/office/tech flex building with three (3) tenants of varying size with the largest occupying over 70% of the building. Loading doors are available for use at this building with potential for additional loading doors.
Building 3 is an 11,000 SF, two-story office building with approximately 4,494 SF owned by the Seller. The remaining space is occupied by tenants who pay their maintenance fees to the condominium association.
The park is comprised of three (3) buildings, the first is a 43,750 SF light industrial flex building with seven (7) equal sized units of 6,250 SF each. These units all have tailgate loading, and 20’ clear ceilings with modern heat and lighting. One of the seven (7) units is owned by a third party.
Building 2 is a 32,500 SF light industrial/office/tech flex building with three (3) tenants of varying size with the largest occupying over 70% of the building. Loading doors are available for use at this building with potential for additional loading doors.
Building 3 is an 11,000 SF, two-story office building with approximately 4,494 SF owned by the Seller. The remaining space is occupied by tenants who pay their maintenance fees to the condominium association.
Property Facts
| Price | £6,804,757 | Number of Properties | 3 |
| Price / SF | £77.99 / SF | Individually For Sale | 0 |
| Net Initial Yield | 8.25% | Total Building Size | 87,250 SF |
| Sale Type | Investment | Total Land Area | 26.80 AC |
| Status | Active |
| Price | £6,804,757 |
| Price / SF | £77.99 / SF |
| Net Initial Yield | 8.25% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 87,250 SF |
| Total Land Area | 26.80 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Bartles Corner Business Park - Units 6-12
8 Bartles Corner Rd, Flemington, NJ 08822 |
Light Industrial | 43,750 SF | 1990 | - |
|
Bldg 3
8 Bartles Corner Rd 13, Flemington, NJ 08822 |
Office | 32,500 SF | 1999 | - |
|
Office Building
8 Bartles Corner Rd 5, Flemington, NJ 08822 |
Office | 11,000 SF | 1990 | - |
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Peter Wisniewski -
Kislak Commercial Real Estate Services, Inc.
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