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275 Centennial Ave
Piscataway, NJ 08854
Optimum · Industrial Property For Sale
Investment Highlights
- 17+ Years Remaining with $0.40 PSF Annual Increases
- 56,150 SF Mission-Critical Regional Cable Hub
- 6.79-Acre Parcel with 300+ Surface Parking Spaces
- Seasoned Tenant with 30+ Years of Operating History at the Site
- 6 Bay Doors | IOS Area | Satellite Communications Dish
- Immediate Access to I-287 with 103,962 VPD
Executive Summary
Northmarq is pleased to present the opportunity to acquire a 56,150 SF flex industrial Optimum facility in Piscataway, NJ, positioned on a 6.79-acre parcel and secured by a long-term net lease with 17+ years remaining and $0.40 PSF annual rental increases. Serving as a regional cable hub for Central New Jersey, the Property houses critical network infrastructure, including six bay doors, utilized IOS area, 300+ parking spaces, and a satellite communications dish, creating strong operational reliance on the site and making relocation highly impractical.
Property Facts
| Sale Type | Investment NNN | Rentable Building Area | 56,150 SF |
| Cap Rate | 5.50% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1973 |
| Property Subtype | Telecom Facility | Tenancy | Single |
| Building Class | C | Clear Ceiling Height | 18’6” |
| Lot Size | 6.79 AC | No. Drive In / Grade-Level Doors | 4 |
| Sale Type | Investment NNN |
| Cap Rate | 5.50% |
| Property Type | Industrial |
| Property Subtype | Telecom Facility |
| Building Class | C |
| Lot Size | 6.79 AC |
| Rentable Building Area | 56,150 SF |
| No. Stories | 1 |
| Year Built | 1973 |
| Tenancy | Single |
| Clear Ceiling Height | 18’6” |
| No. Drive In / Grade-Level Doors | 4 |
Amenities
- 24 Hour Access
- Air Conditioning
- Smoke Detector
Property Taxes
| Parcel Number | 17-06702-0000-00001-01 | Improvements Assessment | $4,848,308 CAD |
| Land Assessment | $8,960,340 CAD | Total Assessment | $13,808,648 CAD |
Property Taxes
Parcel Number
17-06702-0000-00001-01
Land Assessment
$8,960,340 CAD
Improvements Assessment
$4,848,308 CAD
Total Assessment
$13,808,648 CAD
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