Industrial Building In Livingston NJ
PURCHASE PRICE IS FIRM PER THE SELLER AT $25MM, THE BUYER TO PAY THE 3% REAL ESTATE COMMISSION
OR SHOULD THE BUYER CHOOSE TO HAVE THE SELLER PAY THE 3% REAL ESTATE COMMISSIONS, THE PRICE IS $25,750,000 (DELIVERABLE WHILE AVAILABLE) PER THE SELLER: I have a 200,000 s.f. industrial building for sale in Livingston, NJ ( 24 miles from Manhattan & 12 miles from Newark) for $25 million. Taxes are $400,000 and parking is 750 spaces. It can also be leased for $12-$14 psf, NNN.
Address is 15 Okner Parkway, Livingston, NJ 07039.
The front half of the building had been a college and is outfitted with multiple classrooms and a cafeteria and can be leased separately. Rear half of the building is warehouse with 16’ ceilings plus offices. For showing or site plan, potential buyer must deliver LOI and proof of funds. Building to be delivered vacant since ownership and myself are retiring. AVERAGE HOUSEHOLD INCOME: $202,509 FOR 9,921 HOUSEHOLDS ZIP CODE 07039 POPULATION 29,955 THIS PORTFOLIO SALE IS OFF THE MARKET MUST STAY OFF THE MARKET, PLEASE DO NOT LET THIS PORTFOLIO GO VIRAL DEAR BUYER, THIS IS AN OFF THE MARKET (NOW) AND THIS IS A PRE-DUE DILIGENCE PACKAGE AND NOT A FORMAL DUE DILIGENCE PACKAGE. ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT AND THE BUYER OPENS UP THE CONTRACTED ESCROW TRUST ACCOUNT WITH THEIR CONTRACTED EARNEST MONEY DEPOSIT, THE SELLER WILL THEN PROVIDE THE BUYER WITH ALL OF THE UPDATED P&Ls, RENT ROLLS, TENANT'S LEASES AND ANY VENDOR CONTRACTS THAT EXIST TO CLOSE THIS TRANSACTION. TO MOVE FORWARD, THE BUYER AND OR THE SELLER TO SIGN THE ASSET SPECIFIC MASTER FEE AGREEMENT (DEPENDING ON THE EXECUTED PURCHASE PRICE), THE BUYER TO PROVIDE AN ASSET SPECIFIC LETTER OF INTENT TO INCLUDE THE PURCHASE PRICE, DUE DILIGENCE PERIOD, CLOSE OF ESCROW OF DATE AND THE AMOUNT OF THE EARNEST MONEY DEPOSIT THAT WILL BE ESCROWED ONCE THE BUYER AND THE SELLER EXECUTE THE PURCHASE AND SALE AGREEMENT. THE BUYER TO PROVIDE A BUYER'S COMMERCIAL BIO OF COMMERCIAL ASSET HELD IN THEIR INVESTMENT PORTFOLIO. THE BUYER TO PROVIDE A BUYER'S VERIFIABLE PROOF OF FUNDS IN THE FORM OF A BANK OR FUND STATEMENT OF ACCOUNT. PLEASE NO TRANSACTIONAL FUNDING