20 E Willow St, Millburn, NJ
7,600 SF industrial building with office and warehouse space.
- Added:
- May 16, 2024
- Days on Market:
- 760
- Last Refresh:
- May 20 at 9:26 pm
Property Features for 20 E Willow St
General Information
- Standard status
- Active
- Size
- 7,600 SF
- Lot size
- 0.42 Acres
- Property subtype
- INDUSTRIAL
Properties For Sale
at 20 E Willow St Contact us
Listing agent John R. Longo License #9132539 (908) 803-1876
Listing office The Blau & Berg Company (908) 803-1876
Listing date May 16, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of The Blau & Berg Company
HighLights
- NOI $90,000
- ±7,600 SF Industrial Building
- Featuring ±2,500 SF Office and ±5,100 SF Warehouse
- Cap Rate 4.28%
- Benefit from 14' Ceilings
- 1 Drive‑In Door
Overview
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $134.1k | $17.64 |
| − Vacancy | −$9.7k | −$1.27 |
| EGI | $124.4k | $16.37 |
| − OpEx | −$18.7k | −$2.46 |
| NOI | $105.7k | $13.91 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Extra Space Storage — 30 Bleeker St, Millburn, NJ 07041
Location Insight
- Map
- Local Demand
- City
- Millburn
- County
- Essex
- State
- New Jersey
- Longitude
- -74.3065
- Latitude
- 40.717
