Investment Overview

The Geller Group of Marcus & Millichap Real Estate Investment Services has been exclusively retained by the seller to present the opportunity to acquire 201 2nd St Perth Amboy, NJ (The Subject Property) to qualified investors. The 34,378 SF industrial building is in New Jersey's Perth Amboy/GSP Submarket. The Portfolio is 100% occupied by a owner/user. Ownership is willing to offer a 1yr SLB to allow the next investor time to execute on a longer term RE strategy. The constrained Perth Amboy/GSP market is experiencing 2.1% vacancy for industrial product with limited planned competitive construction. Given lack of supply and its true infill location, investors will benefit from asset appreciation and leasing income. The Property's infill location falls between Route 9, 440, 35 & 1, as well as, the North/South GSP & I-95 interchange. Its location provides immediate access to the tri-state area population as well as national connectivity through I-95. The Perth Amboy submarket provides a deep and diverse set of labor supporting the multiple industries in the area. The subject property at 201 2nd St Perth Amboy, NJ is a 34,378 Square-Foot Class B industrial building situated on a 1.55-acre corner lot. Originally constructed in 1940 and fully renovated in the 2000's. The Warehouse portion of the building is 29,978 SF with a 31' clear. It includes a 12,000 SF Steel Mezz (Not Included in SQ of Building), 2 dock-high loading doors, (2) 3 Ton Cranes, 800Amps og power and clear heights ranging from 14 to 31 feet, offering flexible functionality for industrial use. Built with a reinforced concrete foundation and Concrete facade/block masonry exterior, the building also contains 13% office space and operates with standard utilities and surface parking. The property’s location allows employees immediate access to many amenities, retail and restaurant options, and ease of access from anywhere in the Perth Amboy, NJ MSA.