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Vineland, NJ Manufacturing Facility
Property Overview
Dein Properties owns this property as the result of a business acquisition. The real-estate came with the business but the business has been moved to Dein headquarters in Stroudsburg, PA. The facility was a metal manufacturing plant and still has substantial metal shop machinery within it, including a powder coating finishing line. The property is ideal for any type of manufacturer as it has sufficient electric power and compressed air fit out throughout the plant which makes it ready to move in immediately.
Building is a combination single and two-story masonry building located on a 8.1 acre LARGE CORNER LOT!!!
Building has 55,000 S.F. of space.
51,400 is a combination of manufacturing and shipping with both high (20+ feet) and low ceilings.
3,600 S.F. of office space.
Facility is served by municipal water and sewer, with both natural gas and fuel oil are used to heat.
The building is equipped with heavy power.
Power and compressed fit out is extensive and will require very little for any type manufacturer.
The building is close to routes 55, 42 and the New Jersey Turnpike.
Financing and Purchase Options
Dein is quite flexible regarding the way it monetizes the property. The following options can be considered by Dein provided we can reach a high level of comfort regarding the buyer’s or tenant’s credit worthiness:
- Outright sale with OWNER FINANCING.
For the right, credit worthy buyer and an adequate down payment, Dein Properties will provide mortgage financing for up to five years (amortization on a twenty-year basis). The interest rate is dependent on the financial strength of the buyer. - Lease / Purchase
To expedite occupancy yet wait for more attractive credit markets and/or provide flexibility in the purchase decision, Dein will enter into a Lease/Purchase agreement that will serve to delay closing on the purchase. During the initial lease period, Dein will apply a percentage of the lease payments to the purchase price which reduces the capital required at closing. - Lease
For the right credit worthy tenant, Dein will enter into a long term NNN lease of this property at potentially very attractive lease rates.
Urban Enterprise Zone
The property resides in the Millville / Vineland Urban Enterprise Zone. This provides for tax abatements and other benefits in return for job creation. The Economic Development Department at the City of Vineland has more information on this program. We’ve provided the following link for your convenience: