B — August 16 - 29, 2013 — New Jersey — Mid Atlantic Real Estate Journal
N ew J ersey
Fairfield Corporate Park, Fairfield, New Jersey
Of 1406 N. High Street in Millville Klapper & Berger of CBRE complete $1.36m transaction
illville, NJ — CBRE Group, Inc. , announced that it
FOR LEASE 32,000 Square Foot Industrial Building
completed the sale of 1406 N. High St. in Millville. Dollar General occupies the 8,640 s/f building under a long-term lease. Elli Klapper of CBRE’s NY Private Capital Group, and Charles Berger of CBRE’s NJ Private Capital Group (PCG), completed the $1.36 million transaction on behalf of the seller. The building, which was constructed in 1994 and reno- vated in 2012, sits on a 1.05- acre tract of land. The site is
* Warehouse/Manufacturing * 6,000 Square Feet Office – Can be reduced * 20 Ft Ceiling Height / 4 Tailgate Doors / 60+ Car Parking * Attractive rental rates and terms available.
S HELDON GROSS REALTY, INC. REALTORS Ɣ Corporate Real Estate Services 80 Main Street, West Orange, NJ 07052 Tel.#973-325-6200 - Fax.#973-325-9090 E-mail: email@example.com
1406 N. High St. in Millville
located in a densely populated residential and retail area and just one block from Route 47, near Routes 49 and 55 and the Millville Airport. “With so few triple net lease properties on the market, inves- tors are being much more ag- gressive with double net leased assets in optimal locations,” said Klapper. “These properties typically offer better returns while still providing minimal risk with corporate guaran- ties in place and have minimal maintenance requirements. It’s an advantageous situation for a buyer who can also see the tremendous value in having the Dollar General chain as a tenant.” n NAIHansonsecures lease for Subway location in Oradell ORADELL, NJ — NAI James E. Hanson an- nounced that Subway will open a 1,000 s/f restaurant at 387-393 Kinderkamack Rd. in Oradell. NAI Hanson vice president Anthony Cassano repre- sented the tenant, Subway Real Estate LLC , which signed a 10-year lease, as well as the landlord, 387- 393 Kinderkamack Property LLC. Built in 1993, the two-story retail storefront property to- tals 9,100 square feet and fea- tures three surface parking spaces. The site is currently 100-percent leased. n 387-393 Kinderkamack Rd.
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