600 Columbia Ave
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600 Columbia Ave
120,000 SF 100% Leased Industrial Building Millville, NJ 08332 £5,164,170 (£43/SF) 7.12% Net Initial Yield
Investment Highlights
- Occupancy Rate: 100% occupied
- All tenants have leases in place with over 3 years remaining
- Three reliable tenants
- Net Income: $470,000 annually
Executive Summary
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.
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.
Property Facts
| Price | £5,164,170 | Lot Size | 3.86 AC |
| Price Per SF | £43 | Rentable Building Area | 120,000 SF |
| Sale Type | Investment or Owner User | Number of Floors | 1 |
| Net Initial Yield | 7.12% | Year Built | 1900 |
| Property Type | Industrial | Parking Ratio | 0.29/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 20 ft |
| Building Class | C | No. Dock-High Doors/Loading | 8 |
| Price | £5,164,170 |
| Price Per SF | £43 |
| Sale Type | Investment or Owner User |
| Net Initial Yield | 7.12% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.86 AC |
| Rentable Building Area | 120,000 SF |
| Number of Floors | 1 |
| Year Built | 1900 |
| Parking Ratio | 0.29/1,000 SF |
| Clear Ceiling Height | 20 ft |
| No. Dock-High Doors/Loading | 8 |
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Walk Score ®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 10-00352-0000-00021 | Improvements Assessment | £528,388 |
| Land Assessment | £64,317 | Total Assessment | £592,706 |
PROPERTY TAXES
Parcel Number
10-00352-0000-00021
Land Assessment
£64,317
Improvements Assessment
£528,388
Total Assessment
£592,706
zoning
| Zoning Code | I |
| I |
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600 Columbia Ave
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