Millville Nj Millville, NJ 08332
- Warehouses
- 300,000 SF
Current Use by Public Records
- Warehouses
Property Details for 0 Millville Nj
- Property size
- 300,000 SF
- Property type
- Warehouses
- Property subtype
- Life science properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Millville
- County
- Cumberland
- State
- New Jersey
- Longitude
- -75.0393
- Latitude
- 39.4021
