Single-Tenant Manufacturing
For Sale
Contact for pricing
1201 S WADE BLVD, Millville, NJ 08332
New industrial construction with an NNN lease, substantial loading capacity, and expansion acreage.
Property Size66,900 SF
Price / SF$119.58
Days on Market13
Property Features for 1201 S WADE BLVD
General Information
Standard status
Active
Size
66,900 SF
Class
B
Property subtype
Industrial
Zoning
Business Enterprise Zone
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Warehouse & Industrial
Clear Height
23 ft
Dock-High Doors
15
Drive-In Doors
4
Additional Details
Highway Access
Yes
Building Details
Year Built
2026
Buildings
1
Units
1
Tenancy
Single
Building Size
66,900 SF
Listing Agency:
Colliers - Conshohocken, Pennsylvania
Listed By:
Carl Neilson · License #PA NJ License
Source:
Crexi
Added: Jul 30
Changed: Aug 11
Last Checked: Aug 11 at 4:51AM
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 Colliers - Conshohocken, Pennsylvania
Investment Insights
Based on property information with market context.
Built in 2026, this 66,900-square-foot manufacturing facility is configured as a single-tenant industrial building with 23 feet of clear height, 15 platform docks, and 4 drive-in doors. The property is 100% occupied under an NNN lease with a ten-year term and three options. Expansion acreage is included, and Kamps, Inc. is consolidating three other properties into the facility. Tenant occupancy is scheduled for the summer of 2026.
The property is located in Millville, New Jersey, approximately 1.5 miles from the Route 55 interchange with East Main Street. It is zoned Business Enterprise Zone and provides access to multiple major highways. The building is designed for manufacturing and warehouse operations, with loading infrastructure suited to industrial use.
The property is located in Millville, New Jersey, approximately 1.5 miles from the Route 55 interchange with East Main Street. It is zoned Business Enterprise Zone and provides access to multiple major highways. The building is designed for manufacturing and warehouse operations, with loading infrastructure suited to industrial use.
Key Highlights
- 66,900‑square‑foot single‑tenant manufacturing and warehouse facility
- Built in 2026 with 23’ clear height
- 15 platform docks and 4 drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$469,307
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,386,140
$9.4M
Cap Rate 7%
$6,704,386
$6.7M
Cap Rate 9%
$5,214,522
$5.2M
Market Conditions
NOI Build-Up for 66,900 SF
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.
Gross rent
$602.1K $9.00/SF
− Vacancy
−$50.0K −$0.75/SF
EGI
$552.1K $8.25/SF
− OpEx
−$82.8K −$1.24/SF
NOI
$469.3K $7.02/SF
Area
Cumberland County, NJ
Vacancy
8.30%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,386,140
Cap Rate 7%
$6,704,386
Cap Rate 9%
$5,214,522
Alternative Uses
Best Use
Warehouse
$6.70M
$5.87M – $7.82M
NOI $469,307 @ 7.0% cap · market cap 5.87%
Second Best
Industrial
$5.59M
$4.89M – $6.52M
NOI $391,124 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$100.45M
$87.89M – $117.19M
NOI $7,031,565 @ 7.0% cap · market cap 87.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23 ft
Clear height
15
Dock-high doors
4
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
86
Businesses Nearby
Explore this area
Business Placement
Demographics for 08332, NJ
35,396
Population
15,063
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
86%
High-School Grad
104.5 sq mi
ZIP Area
339
Density / Sq Mi
$65,825
Median Household Income
$39,595
Median Earnings
$1,223
Median Rent
$195,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - New industrial construction with an NNN lease, substantial loading capacity, and expansion acreage.
Where is this manufacturing property located?
The property is located at 1201 S WADE BLVD Millville, NJ.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 66,900‑square‑foot single‑tenant manufacturing and warehouse facility; Built in 2026 with 23’ clear height; 15 platform docks and 4 drive‑in doors
