NJ > Hammonton
Hammonton, NJ 08037,360 FAIRVIEW AVE
$3,850,000
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31,448 SqFt
Active

360 FAIRVIEW AVE Hammonton, NJ 08037

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Gary Pallay

Gary Pallay

+1(908) 698-1053

UPDATED:

10/14/2024 06:47 PM

Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Square Footage 31,448 sqft

Price per Sqft $122

MLS Listing ID NJAC2014418

Originating Board BRIGHT

Year Built 1960

Annual Tax Amount $27,483

Tax Year 2023

Lot Size 3.880 Acres

Acres 3.88

Lot Dimensions 0.00 x 0.00

Property Description

Family owned and operated contract Medical Device Manufacturer located in Atlantic County, NJ, specializing in traditional Xeroform, Oil Emulsion, and Petrolatum wound care dressings. Located on close to 4 acres with over 31,000 SF of manufacturing, office and warehouse space with approved plans to expand with another 4,000+ SF. The property includes ample parking to accommodate the required number of employees to operate the business. Annual Property Taxes are approximately $27,000. Facilities are well maintained and the business generates stable gross revenues and net profits that justify the sales price. Business inventory and work in progress along with specialized custom manufacturing equipment and quality control systems all included in the sale. The management team and key subject matter experts are willing to stay on board for a transition and training period.
Management team has over 50 years of combined experience in the medical device industry. This includes well-respected names in Manufacturing, Regulatory Affairs, Quality Assurance, Sales and Marketing. The company's core management team has been manufacturing these products since the 1980s. The products are used in hospitals, clinics, outpatient surgery centers, nursing homes, physician's offices and in-home healthcare settings. The company's product line includes a full line of impregnated wound care dressings including Xeroform, Petrolatum, and Oil Emulsion Gauze (Adaptic), Plain and Iodoform Packing Strips. The company has an outstanding Quality Control system in place, ensuring that they produce a high quality product for their customers. The business has passed numerous government (FDA) and private audits to ensure compliance with the industry they serve.
Detailed information that includes business financials, inventory, equipment, work in progress, facility expansion application and development plan and other pertinent and proprietary information will be shared with interested buyers/investors only after proof of funds are provided and Non Disclosure Agreement (NDA) is signed.

Location

State NJ

County Atlantic

Area Hammonton Town (20113)

Zoning R-2

Interior

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 63.0

Waterfront N

Water Access N

Accessibility Ramp - Main Level

Parking Type Parking Lot

Total Parking Spaces 63

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Hammonton Town Schools

Others

Tax ID 13-02709-00021

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Thomas Marinelli • Keller Williams Realty Preferred Properties

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Gary Pallay

Sales Associate

+1(908) 698-1053

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360 FAIRVIEW AVE