Listing Agency: KRUMPFER REALTY GROUP

Listed By: JOSEPH KRUMPFER · License #RMR004220 Show Phone

Source: Corcoran

Added: Jun 4, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:08AM

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Investment Insights

Based on property information with market context.

This is a rare opportunity to purchase a large warehouse situated on over 20 acres in Sussex County, New Jersey. The property features over 50,000 square feet of interconnected space, including more than 45,000 square feet on the ground floor and an additional 4,000+ square feet on the mezzanine level. The main warehouse is located at the rear of the building. The interior includes over 35,000 square feet of open warehouse space with ceiling heights reaching up to 23 feet, complemented by more than 10,000 square feet of storage, office, kitchen, and restroom facilities. Loading docks are available in both flush and drive-in configurations. The current tenant, a lawn care equipment company, has been in operation for nearly 50 years and has a lease extending into 2029 with 3.0% annual increases. The property has been previously used for manufacturing, packaging/repackaging, warehousing, and distribution of equipment, products, food, and distillery items. The zoning permits a wide range of uses.

Key Highlights

• Favorable Cap Rate
• Large Warehouse: Over 50,000 sq ft on 20+ acres
• Existing Tenant: Lease in place until 2029 with 3% annual increases

Property Analytics

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Current Use

Steven Willand Inc. Warehouse & Storage

Suggested Use

Top Pick Building Supply Auto Repair Shop Big Box & Wholesale Store Real Estate Agency Veterinary Clinic Accounting Firm

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

Location Intelligence

Trade Area within ½ mile

10

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 07461, NJ

18,530

Population

7,972

Households

2.3

Avg Household Size

44

Median Age

28%

College-Educated

93%

High-School Grad

83.0 sq mi

ZIP Area

223

Density / Sq Mi

$104,441

Median Household Income

$46,590

Median Earnings

$1,456

Median Rent

$338,500

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

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Frequently Asked Questions

What type of property is this?

Warehouse - Large warehouse on 20+ acres with favorable cap rate.

Where is this warehouse located?

The property is located at 35 Rose Morrow Road Wantage Twp, NJ.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Favorable Cap Rate; Large Warehouse: **Over 50,000 sq ft on 20+ acres**; Existing Tenant: Lease in place until 2029 with 3% annual increases