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

CannaMLS ID: 13170
Save Listing

Price: $31,250


Listing Details


Listing Category
Cultivation
Manufacturing
Distribution
Testing Facility

Medical
YES

Adult Use
YES

Price: $31,250

Listing Status: For Sale

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


Listing Details

Listing Status
For Sale

Location
Millville, New Jersey 08332

Date Listed For Sale:
6/11/2024

Date Last Updated:
6/11/2024

Generating Revenue:
NO

Operational:
NO

Property Details

Buiding Size (sq ft)
50000 sq ft

Lot Size (acres)
12 acres

Built out / Turnkey
NO

Equipment Included
NO

Room for Expansion
YES

Green Zone Confirmed
YES

Pricing Details

Listing Price
$31,250

Property Lease Rate
$31,250/month

Lease Terms:
  • Purchase Option: Landlord is open to a lease to own agreement for each unit
  • Term: 15 Year intial term
  • Lease Rate: $12.50 + NNN
    • $14.50 + NNN if the landlord pays for transformer & switch gear.

Advertising


 

 

 

Hit the "Contact Listing" button on the top right of the page to send a message to the seller.

(CannaMLS.com does not make seller contact information public to prevent SPAM and abuse.)

 

To report a problem with this listing contact: admin@cannaMLS.com

 

FOLLOW CANNAMLS ON SOCIAL MEDIA FOR EXCLUSIVES, NEWS, NEW LISTINGS, UPDATES AND MORE!


 

*CannaMLS is an independent listing service and does not offer legal, tax or regulatory advice. CannaMLS is not a real estate brokerage and is not advertising any properties for sale in any market. All listings that advertise real estate are posted by third parties who are responsible for compliance with all real estate regulations. CannaMLS does not guarantee the authenticity or value of any listings, assets, buyers, sellers and/or brokers on the company’s website. By listing or interacting on CannaMLS.com you agree to indemnify and hold harmless CMLS Technologies LLC, and its owners, employees, agents, and affiliated companies from any civil or legal claims that may arise as a result of you transacting with users or assets on the site.