1201 S Wade Blvd 66,900 SF Industrial Building Millville, NJ 08332 $7,800,000 ($116.59/SF)

Colliers, as the exclusive advisor to the Owner, is pleased to present to qualified investors the opportunity to acquire 1201 S. Wade Boulevard, in Millville, New Jersey. The property is a 66,900 square foot single-tenant NNN leased industrial facility nearing completion and occupancy. This attractive industrial investment opportunity has a ten-year lease term with three options and includes expansion acreage. The tenant has a long tenure in Millville and is consolidating three other properties into this facility. This property is an essential site for the tenant, which will use it for a significant portion of its northeast customers. 1201 S. Wade Boulevard represents an investment opportunity of new and securely-leased industrial manufacturing space.
Investment Highlights
? Tenant lease term is 10-years plus three 5-year options
? New Strategic Facility - Site is a consolidation of three Kamps facilities
? Tenant Commitment - Tenant is spending over $2MM in bolt down costs
? Single-tenant occupancy – simplified asset management
? Predictable in-place cash flow – with a long ten year remaining term
? A new build-to-suit facility that is adaptable for future use
? Limited Competitive Space - vacancy under 3%
? Subdividable – building easily divides for future multi-tenancy
Dynamic Market – Rental rates and occupancy have surged
Ability to Increase Cash Flow – Five scheduled rent increases
1201 S. Wade Boulevard is a 23’ clear height industrial Build-to-Suit warehouse and manufacturing property. The building has 15 platform docks and 4 drive-in doors. The tenant will be occupying the facility in the summer of 2026. Tenant is spending over $2MM in bolt down costs. The property is easily accessible from many major highways. It is 1.5 miles from theRoute 55 interchange with East Main Street in Millville.
The tenant, Kamps, Inc., is the nation’s largest manufacturer and service provider for new and recycled pallets. They manage close to half a billion pallets annually through a network of company-owned manufacturing and recycling facilities. Kamps has over 400 locations in its national network, which includes over 50 asset-based manufacturing and recycling facilities and multiple company-owned sawmills. It is privately held by private equity firm Freeman Spogli & Co. and senior management. It has an estimated $1.2 billion in sales.