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

Details

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.

• 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