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321 Millburn Ave
Millburn, NJ 07041
Downtown Millburn Mixed-Use · Retail Property For Sale
Investment Highlights
- All retail leases (5) are NNN while all second floor office suites (11) are gross
- All retail leases have annual rent increases and renewal options
- Several retail leases are below market rent
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,576 SF
Building Class
B
Year Built/Renovated
1940/2014
Price
$6,252,708 CAD
Price Per SF
$428.97 CAD
Cap Rate
6.53%
NOI
$408,546 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
0.96
Lot Size
0.35 AC
Property Taxes
| Parcel Number | 12-00702-0000-00013 | Improvements Assessment | $2,537,780 CAD |
| Land Assessment | $891,419 CAD | Total Assessment | $3,429,199 CAD |
Property Taxes
Parcel Number
12-00702-0000-00013
Land Assessment
$891,419 CAD
Improvements Assessment
$2,537,780 CAD
Total Assessment
$3,429,199 CAD
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