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Executive building site in a Camden Opportunity Zone.

Executive building site in a Camden Opportunity Zone.

Property Overview

Price/Rent PSF $ 2,400,000.00
Asset Type Industrial
Trade Type Sale & Lease
SQ. FT. Available 105000.00
Spaces Show
Date Available 03/02/2021
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Description

Location
Site is next door to Campbell's Soup HQ and is 3.09 Acres with the able to enlarge the land area to 3.6 acres for additional sq footage. This is an excellent site in a Gateway Redevelopment Area which is an Opportunity Zone with specific tax advantages for a new corporate user.

Sale
Next to Campbells Soup and Subaru Headquarters in Camden Owner will provide all approvals for this site. Specific uses are in the Opportunity Zone Outlined in the OLI (Office/Light Industrial Zone. Further located in the Gateway Redevelopment Area. Economic Opportunity Act of 2013. The site Is located within an area of eligibility for the various incentives afforded through the Economic Opportunity Act of 2013, which was signed into law in September of 2013. The Act merges New jersey's various economic development Incentive programs into 2 expanded programs: Grow NJ (Grow NewJersey Assistance Program) andERG(EconomicRedevelopmentandGrowthProgram). GrowNJistheState'smainjob creation incentive program, offering base tax credits ranging from $500 to $5000 per job, per year; and bonus credits ranging from $250 to $3000 per job, per year. ERG is the State's key developer incentive program, authorizing a bonus of up to 40% of total project costs in Camden


(a GSGZ). Owners to provide all approvals and clean environmental

Lease
This is For Sale or the Owners have also requested a long term land lease. The tenant would build their own building and gain the tax and cash flow benefits of a land lease. Owner will provide approvals and clean environmental

Location

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