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Darling Mills Industrial Park 75 Mill St 109,751 SF 100% Leased Industrial Building Newton, NJ 07860 $8,089,025 CAD ($73.70 CAD/SF)



Executive Summary
Located in the thriving industrial hub of Newton, New Jersey, this impressive industrial property spans 4.16 acres and features four buildings, totaling a substantial 135,000 square feet of versatile space. A compelling investment opportunity, 74,630 square feet of this property remain vacant, offering potential for various commercial applications. The remaining space is currently leased, providing a steady income stream. The property features four loading docks, two drive-ins, and ample parking at 2.5 spaces per 1,000 square feet. Notably, significant renovations and upgrades have been recently completed, ensuring a modern and efficient facility. The property is also zoned for cannabis use, making it highly attractive for businesses in the emerging cannabis industry. Furthermore, the motivated seller, who is retiring, is willing to offer owner financing, making this an opportunity that should not be missed for savvy investors seeking a prime industrial property in the Garden State.
Property Facts Under Contract
| Price | $8,089,025 CAD | Lot Size | 4.16 AC |
| Price Per SF | $73.70 CAD | Rentable Building Area | 109,751 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Property Type | Industrial | Year Built | 1919 |
| Property Subtype | Manufacturing | Clear Ceiling Height | 19’ |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Zoning | M-1,Industrial | ||
| Price | $8,089,025 CAD |
| Price Per SF | $73.70 CAD |
| Sale Type | Investment or Owner User |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 4.16 AC |
| Rentable Building Area | 109,751 SF |
| No. Stories | 2 |
| Year Built | 1919 |
| Clear Ceiling Height | 19’ |
| No. Dock-High Doors/Loading | 3 |
| Zoning | M-1,Industrial |
Utilities
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 15-00005-05-00001 | Improvements Assessment | $4,035,115 CAD |
| Land Assessment | $1,261,870 CAD | Total Assessment | $5,296,985 CAD |
Property Taxes
Parcel Number
15-00005-05-00001
Land Assessment
$1,261,870 CAD
Improvements Assessment
$4,035,115 CAD
Total Assessment
$5,296,985 CAD
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Darling Mills Industrial Park | 75 Mill St
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