901 Lenola RdMoorestown, NJ 08057

Property Details for 901 Lenola Rd

Year built

1990

Lot size

8.29 AC

Property type

Industrial properties

APN

22 00300-0000-00006

APU

2200300000000006

Description

This exceptional Class A industrial property, located at 901 N. Lenola Road in Moorestown, New Jersey, presents a rare opportunity. The single-tenant, 121,968-square-foot warehouse boasts a prime location in Southern New Jersey, offering convenient access to major highways. Built in 1990 and extensively renovated in 2023, the property features a modern design and high-quality finishes. The building includes 17 loading docks and 17 dock-high doors, ensuring efficient material handling. Ample parking is provided with 100 spaces, complemented by a single drive-in door. The warehouse benefits from a substantial 19-21 foot ceiling height, ideal for various industrial uses. The 8.29-acre lot provides ample space for expansion or future development. The property is zoned for light industrial use and features newly installed concrete and asphalt drive areas, as well as new LED warehouse lighting. The office space is adaptable and will be customized to meet the tenant's specific requirements. With its impressive specifications and strategic location, this property is perfectly suited for a wide range of industrial and distribution businesses. The property is currently vacant, offering immediate occupancy. Power capacity is 1200. This is a turnkey opportunity to acquire a state-of-the-art industrial facility in a thriving market. The zip code is 08057.

• CAP approach

  CAP return

  Valuation

  6%

  $174,360,000

  6.5%

  $160,948,000

  7%

  $149,452,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $75,529,200

  Geo Method

  $75,529,200

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $83,937,300

  Mixed-Use / Specialty

  $84,744,500

  Hospitality / Lodging

  $63,614,900

  Office

  $85,393,500

  Institutional / Educational

  $88,495,600

  Residential Income

  $103,540,000

  Multifamily

  $118,046,000

  Automotive / Energy

  $75,853,400

  Parking / Income-Based Land

  $25,082,900

  Restaurant / Food Service

  $46,437,700

  Healthcare / Senior Housing

  $85,769,300

Location Insight

City

Moorestown

County

Burlington

State

New Jersey

Latitude

39.9715

Longitude

-74.9912

CBSA code

37980

CBSA name

PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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