WCRE-108: Renovated Industrial in Millville for Lease – Viable for Non-Retail Cannabis

$ 12.50 Per SF + NNN
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Meilad Rafiei


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Property Description

Listing #4995

Asking Lease Rate: $12.50 Per SF + NNN

Take a look at this opportunity to lease a high-quality industrial property, ideal for non-retail cannabis operations. There is approximately 30,000 – 50,000 SF of available space within a much larger multi-tenant property. The landlord has completely renovated the property, and it will be delivered to the tenant as a clean shell. The property is approved by Atlantic City Electric (“ACE”) for 4 Megawatts (4,000 AMPS), 480 volts, 3-phase power per unit. The City of Millville has streamlined the process for obtaining all local approvals, creating a more efficient and effective licensing process for applicants. Secure this prime industrial property today and take advantage of the favorable leasing terms and welcoming business environment in Millville.

Key Highlights:
  • Viable for Non-Retail: Qualifies for class 1, 2, 3, & 4 license types
  • Wholesale Renovations: Many facets of property have been renovated, including:
    • New roof
    • New sprinkler system
    • New plumbing
    • New electrical
    • New gas and water/sewer hookups
    • New windows
    • Diesel pump
    • Updated exterior facade with steel panel siding
  • Power Availability:
    • 1,300 AMPS currently available.
    • Upgrade to 4,000 AMPS approved and power readily available on-site with the purchase of a transformer and switch gear.
    • 2,500 AMPS available when leasing a minimum of 30K SF.
    • Landlord willing to pay for equipment for an increased lease rate.
    • Utility company also willing to pay for equipment in exchange for a higher usage rate:
      • $1.90 per KW vs $3.50 per KW
  • Utility Hookups: All utility hookups are in place.
  • Ceiling Height: 17 – 21 ft.
  • Purchase Option: Landlord is open to a lease to own agreement for each unit
  • Lease Rate: $12.50 + NNN
    • $14.50 + NNN if the landlord pays for transformer & switch gear.

NDA needed for additional information

Meilad Rafiei – License# 01788589 – WeCann

This property is being co-brokered with ReMax Central License #1539140

Zip: 07305
Country: United States
Property Id: 37078
Price: $ 12.50 Per SF + NNN
Property Size: 325,000 ft2
Property Status: active