600 Columbia Ave - Warehouse FOR SALE


Millville, NJ 08332
$6,600,000 USD
845-512-9338
600 Columbia Ave, Millville, NJ for Sale
$6,600,000 USD
Warehouse - FOR SALE
1/5
null | 7.12% Cap Rate

600 Columbia Ave
Millville, NJ 08332


HIGHLIGHTS

  • Occupancy Rate: 100% occupied
  • Three reliable tenants
  • All tenants have leases in place with over 3 years remaining
  • Net Income: $470,000 annually

OVERVIEW

Warehouse for Sale Overview This exceptional warehouse property is now available for sale at an attractive price of $6.6 million. Spanning an impressive 120,000 square feet, this facility is strategically located to serve a variety of logistics and distribution needs. Occupancy Details The warehouse boasts a 100% occupancy rate, which is a significant advantage for potential investors. It currently houses three reliable tenants, ensuring consistent cash flow and minimizing vacancy risks. The presence of multiple tenants also diversifies the income stream, making it a more stable investment. Lease Terms All tenants have established leases with over 3 years remaining, providing security and predictability in rental income. This long-term leasing arrangement indicates that the tenants are committed to their operations within this space, further enhancing the property’s appeal. Financial Performance The warehouse generates a robust net income of $470,000 annually. This figure reflects the effective management and desirability of the property, as well as the reliability of its tenants. With such strong financial performance, this investment offers an attractive return potential for buyers looking to expand their real estate portfolio. In summary, this warehouse represents a solid investment opportunity with its combination of size, occupancy stability, favorable lease terms, and strong annual income.

FOR SALE DETAILS

PRICE

$6,600,000 USD

PRICE/SF

$55 USD /SF

CAP RATE

7.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

8

DRIVE INS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

3.86

LAND SF

168,142

ZONING

I

APN/PARCEL ID

10-00352-0000-00021

ASK ABOUT THIS PROPERTY

Joel SoferReal Estate Itis LLCMore Info
845-512-9338

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Joel SoferReal Estate Itis LLCMore Info
845-512-9338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.