Retail Space /NJ /Essex County /Millburn /321 Millburn Ave
Retail Space /NJ /Essex County /Millburn /321 Millburn Ave

321 Millburn Ave - Storefront Retail/Office FOR SALE


Millburn, NJ 07041 | 
$4,444,000 USD
201-742-6118
321 Millburn Ave, Millburn, NJ for Sale
$4,444,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | 6.53% Cap Rate
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321 Millburn Ave
Millburn, NJ 07041

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HIGHLIGHTS

  • All retail leases (5) are NNN while all second floor office suites (11) are gross
  • Several retail leases are below market rent
  • All retail leases have annual rent increases and renewal options

FOR SALE DETAILS

PRICE

$4,444,000 USD

PRICE/SF

$304 USD /SF

CAP RATE

6.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Millburn Mixed-Use

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

-

APN/PARCEL ID

12-00702-0000-00013

ASK ABOUT THIS PROPERTY

Alan CafieroMarcus & MillichapMore Info
201-742-6118

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Alan CafieroMarcus & MillichapMore Info
201-742-6118

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