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Flex Space with Fourteen-Foot Ceilings
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20 E Willow St, Millburn, NJ 07041

Flex space combining office and warehouse areas, featuring fourteen-foot ceilings, a drive-in door, and 15 parking spaces.

Property Size7,600 SF
Days on Market806

Property Features for 20 E Willow St

General Information

Standard status Active
Size 7,600 SF
Property subtype INDUSTRIAL
Lease Type SF/mo
Listing Agency: The Blau & Berg Company
Listed By: John R. Longo · License #9132539
Source: Moodyscre
Added: May 16, 2024 Changed: Jul 29 Last Checked: Jul 29 at 7:01PM

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

Investment Insights

Based on property information with market context.

Flex space at 20 E Willow St in Millburn, NJ combines office and warehouse use in one building. The offering includes approximately 2,500 SF of office space and 5,100 SF of warehouse space, for a total building size of about 7,600 SF. The property features 14' ceilings, 1 drive-in door, and 15 parking spaces.

The site totals 0.43-acre (Block 1004, Lot 7). For underwriting context, the public remarks list a 4.28% cap rate.

This configuration supports occupancies that need both workspace and warehouse functionality under one roof, with on-site parking and direct drive-in access for day-to-day operations.

Key Highlights

  • 7,600 SF flex space with 2,500 SF office and 5,100 SF warehouse
  • 14' ceilings for warehouse and light industrial use
  • 0.43‑acre lot (Block 1004, Lot 7)

Property Analytics

Current Use

Grafas Painting Contractors ... Painting Service

Suggested Use

Top Pick Big Box & Wholesale Store Auto Repair Shop Restaurant Auto Parts Store Hotel & Motel Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.78 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,979
Businesses Nearby
Under-served
Demand for This Use

Demographics for 07041, NJ

7,649
Population
2,843
Households
2.7
Avg Household Size
41
Median Age
81%
College-Educated
97%
High-School Grad
1.3 sq mi
ZIP Area
5,884
Density / Sq Mi
$220,923
Median Household Income
$109,375
Median Earnings
$1,969
Median Rent
$935,900
Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025
Rey
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Similar Off Market Nearby

  • Danielle's Catering — 26 Washington Ave, Springfield, NJ 07081

Frequently Asked Questions

What type of property is this?
Flex space - Flex space combining office and warehouse areas, featuring fourteen-foot ceilings, a drive-in door, and 15 parking spaces.
Where is this flex space located?
The property is located at 20 E Willow St Millburn, NJ.
What is the lease rate?
The lease rate is $7,500 /Mo.
What are key features of this property?
This property features: 7,600 SF flex space with 2,500 SF office and 5,100 SF warehouse; 14' ceilings for warehouse and light industrial use; 0.43‑acre lot (Block 1004, Lot 7)
(908) 803-1876 Call to check price and availability
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