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60 Chapin Road - Availability Details

60 Chapin Road, Pine Brook, NJ 07058

As exclusive agent, Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer a leasehold interest in 60 Chapin Road for sale. Totaling 259,230 square feet, the offering is ideally situated within the sought after Northern New Jersey industrial market at the crossroads of I-80, I-280 and Rt-46. 60 Chapin Road’s proximity to the market’s major roadways and infrastructure offers immediate access to over 2.5 million consumers within a 30-minute drive time.

The Property is currently 100% leased to five tenants with an average in-place rental rate of $7.16 PSF, more than 46% below market. With less than three years of average remaining lease term, 60 Chapin Road presents a near-term opportunity to increase NOI via mark-to-market and lease-up of a upcoming available unit. 60 Chapin Road offers the compelling opportunity to increase NOI by more than 75% over a five-year hold.

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Location

  • City Pine Brook, NJ
  • Zip Code 07058
  • Market New Jersey

Highlights

  • • Immediate Upside | Rents 46% Below Market
  • • Optimal Infill | "Last Touch" Location
  • • Highly Divisible Building Configuration
  • • Compelling Market Fundamentals | NNJ Overall Rental Rates Increased 50% Since 2016; 10% Annually

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