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Property profile & analytics
OFF-MARKET
Warehouses

0 Millville Nj Millville, NJ 08332

300,000 SF
Property ID
Property summary
AI-generated overview

This exceptional industrial property in Cumberland County, NJ offers 30,000 to 50,000 square feet of newly renovated space for lease within a larger, multi-tenant building totaling 300,000 square feet. The single-story building features 17-21 foot ceiling heights, making it ideal for various manufacturing, warehouse, distribution, or R&D operations. Extensive renovations include a new roof, sprinkler system, plumbing, electrical, gas and water/sewer hookups, windows, and an updated exterior facade with steel panel siding. A new diesel pump is also in place. The property currently offers 1,300 AMPS of power, but an upgrade to 4,000 AMPS is approved and readily available on-site with the purchase of a transformer and switchgear. Leasing a minimum of 30,000 square feet provides access to 2,500 AMPS. The landlord is open to negotiating lease terms that may include subsidizing the cost of the transformer and switchgear for a higher lease rate. Similarly, the utility company offers a reduced rate of $1.90 per KW versus the standard $3.50 per KW in exchange for a tenant-purchased upgrade. The property sits on 12 acres and is approved for various license types. A lease-to-own option may also be available. The lease rate is $12.50 + NNN, increasing to $14.50 + NNN if the landlord contributes to the transformer and switchgear costs. This is a turnkey opportunity in a location with streamlined local approvals.

Property profile
Verified
Property type Warehouses
Total area 300,000 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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