205 NJ-23 - Retail FOR SALE
Wantage, NJ 07461 |
708-243-9414
205 NJ-23
Wantage, NJ 07461
HIGHLIGHTS
- Prime visibility along NJ-23, the dominant north–south commercial artery for Sussex County, offering direct access to I-287, I-80 and I-84.
- Eleven fully occupied suites & an AT&T cell tower totaling ±116,450 SF, anchored by CubeSmart, and surrounded by necessity-driven tenant.
- 100% physical occupancy across retail and 67.4% across self storage, generating $718,414 of in-place NOI, with multiple levers for further growth.
- ±60,922 NRSF of climate-controlled storage managed by CubeSmart, plus 108 fully secured exterior RV/boat parking spaces.
- Phase I – Online as of Oct. 20, 2023. Phase III – Online as of Sept. 17, 2025. Phase II – Online as of Oct. 20, 2025.
- ±34,292 SF retail center is fully leased at an average rent of $11.85/SF, well below prevailing market rates for Northern New Jersey retail.
FOR SALE DETAILS
BUILDING DETAILS
PROPERTY NAME
Wantage Plaza & CubeSmart (Managed)
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
13 AC
LAND SF
566,280 SF
ZONING
-
APN/PARCEL ID
-
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708-243-9414
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708-243-9414
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