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31 Farinella Dr 48,235 SF Industrial Building East Hanover, NJ 07936 For Sale
INVESTMENT HIGHLIGHTS
- 31 Farinella Drive presents a newly-built 48,235 SF warehouse facility with office, ideal for owner/users or investors in Morris County, New Jersey.
- State-of-the-art facility is equipped with 28' ceiling heights, five truck-level doors with dock levelers, robust power capacity, and ample parking.
- Flexible Industrial-3 zoning allows for warehouse, R&D, data center, education, self-storage, and other versatile commercial uses.
- Strategic location off Route 10 with quick access to Interstates 80, 280, and 287, just 10 minutes from Morristown Airport and 30 minutes to Newark.
EXECUTIVE SUMMARY
Spanning a 40,035-square-foot warehouse with 8,250 square feet of dedicated office space, it combines operational efficiency with modern design. Sitting on a 3.1-acre lot with flexible Industrial-3 zoning, expanding the potential uses, from warehouse and light industrial to research and development, data centers, education facilities, and self-storage. With 28-foot clear ceiling heights, five truck-level doors, each equipped with 40,000-pound mechanical dock levelers, 1,600-amp, 480-volt, 3-phase power, ESFR fire suppression, emergency lighting, and nearly 100 parking spaces, the facility is built to support various business operations. 31 Farinella Drive is ideal for investors and owner/users offering value-add, functionality, and long-term adaptability.
Located in East Hanover's industrial area, 31 Farinella Drive offers excellent connectivity. It sits just off the Route 10 corridor, providing seamless access to major highways including Interstates 80, 280, and 287, ensuring efficient logistics and regional distribution. Downtown Newark can be reached in just 30 minutes, while Morristown Airport is a short 10-minute drive, offering valuable regional and corporate travel options. Surrounding amenities include national retailers such as Target, Costco, and The Home Depot, as well as an AMC movie theater nearby, offering dining, shopping, and services. Neighboring biopharma and advanced manufacturing facilities underscore the strength and diversity of the area’s commercial landscape.
East Hanover stands as a dynamic suburban market known for its strong demographics, skilled labor force, and access to the broader New Jersey-New York metropolitan area. With its advanced infrastructure, strategic location, and access to consumers, 31 Farinella Drive represents a highly attractive industrial asset for owner/users and investors.
SALE FLYER
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Air Conditioning
- Smoke Detector
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
This property will features 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, reconditioned the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.
This property will features 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, reconditioned the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 10,000-39,985 SF | Industrial | Shell Space | Now |
| Mezzanine | 8,250 SF | Industrial | Shell Space | Now |
1st Floor
| Size |
| 10,000-39,985 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
Mezzanine
| Size |
| 8,250 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
1st Floor
| Size | 10,000-39,985 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
This property will features 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, reconditioned the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.
Mezzanine
| Size | 8,250 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
This property will features 97 car parking spaces, a 28-foot minimum clear height with no utilities below joists, and a 1,600-amp, 480/277-volt, 3-phase main power service. NVE, the property's owner, reconditioned the existing space to a suitable level for a like-kind re-occupancy or modify the existing space to meet the tenant's unique needs. Of note: the site can support a 40,000-square-foot footprint plus mezzanine space. Tentative East Hanover approval for space as outlined in documents. NVE seeks a long-term single occupant for the building.
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
NEARBY AMENITIES
RESTAURANTS |
|||
|---|---|---|---|
| Tomo's Cuisine | Japanese | $$$ | 13 min walk |
| South Lions | Barbecue | - | 14 min walk |
| Taco Bell | Fast Food | - | 13 min walk |
| Chili's Grill & Bar | - | - | 14 min walk |
| Flying Meatball Market | Pasta | $ | 15 min walk |
| The Office Bar And Grill | Asian | - | 15 min walk |
| Starbucks | Cafe | $ | 15 min walk |
RETAIL |
||
|---|---|---|
| AMC | Cinema | 12 min walk |
| HomeSense | Discount Store | 13 min walk |
| GOLFTEC | Other Retail | 13 min walk |
| Petco | Animal Care/Groom | 13 min walk |
| HomeGoods | Other Retail | 13 min walk |
| PetSmart, Inc. | Pet Shop/Supplies | 15 min walk |
| Banfield Pet Hospital | Animal Care/Groom | 15 min walk |
| Hobby Lobby | Hobby | 14 min walk |
| T-Mobile | Wireless Communications | 15 min walk |
HOTELS |
|
|---|---|
| Home2 Suites by Hilton |
122 rooms
4 min drive
|
| Extended Stay America Suites |
140 rooms
7 min drive
|
| Sonesta Select |
149 rooms
7 min drive
|
| Hyatt House |
135 rooms
11 min drive
|
| Hampton by Hilton |
152 rooms
12 min drive
|
| Red Carpet Inn |
36 rooms
13 min drive
|
| Hilton |
353 rooms
13 min drive
|
| Hyatt House |
132 rooms
12 min drive
|
| Marriott |
353 rooms
12 min drive
|
| Sonesta ES Suites |
156 rooms
12 min drive
|
PROPERTY TAXES
| Parcel Number | 10-00099-0000-00007-05 | Improvements Assessment | $1,374,281 CAD |
| Land Assessment | $1,292,863 CAD | Total Assessment | $2,667,144 CAD |
PROPERTY TAXES
SALE ADVISORS
SALE ADVISORS
Michael Mackessy,
Founding Partner
Peter Gilpatric, Founding Partner
Mr. Gilpatric leads development at NVE, bringing decades of expertise to project execution.
Michael Schipper,
Managing Director
Robert Loderstedt, Senior Managing Director
On the corporate service multi-market side of the business, Mr. Loderstedt oversaw combined portfolios for Prudential Financial and The Hartford of over 300 owned and leased locations totaling more than 12 million square feet. Mr. Loderstedt executed and/or managed over 450 real estate transactions totaling in excess of 13 million square feet across 43 states for a six-year period.
Haylee McCabe, Associate Broker
Kyle Eaton, Executive Managing Director
In 2019, Eaton was awarded the SIOR industrial designation, which represents the most knowledgeable, experienced and successful commercial real estate brokerage specialists in the country.
CONTACTS
-
Michael
Mackessy
-
Peter
Gilpatric
-
Michael
Schipper
-
Robert
Loderstedt
-
Haylee
McCabe
-
Kyle
Eaton
-
James
Leonard
-
New Vernon Equities
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31 Farinella Dr
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