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29670368
29669815

205 NJ-23, Sussex, NJ 07461

RC
IL IL 475.171700
Matthews
PF
IL 475118789
Matthews
Listed by Matthews
Unpriced
113 days on market
Updated 84 days ago

Wantage Plaza & CubeSmart (managed) Call for Offers 3/13/26

Details
Property Type Mixed Use, Retail (+1)
Sub Type Restaurant, Shopping Center (+1)
Square Footage 116,450
Units 10
Occupancy 100%
Tenancy Multi
Brand/Tenant CubeSmart
Lease Type NNN
Rent Bumps Yes
Class A
Year Renovated 2023
Buildings 1
Stories 1
Acreage 13.000
Parking Spaces spaces
Investment Type Institutional
Occupancy Date 12/31/2025
Ground Lease No

Prime Retail + Storage Asset – 100% Leased Retail | 67.4% Occ. Upside

Marketing description

Investment highlights

Matthews Real Estate Investment Services is proud to present Wantage Plaza & CubeSmart (managed).

Call for Offers Deadline 3/13/26

WANTAGE PLAZA & CUBESMART (managed)

205 NJ-23 | Wantage, NJ 07461


Click here to view the Property Video

https://vimeo.com/1134749567?utm_medium=email&_hsenc=p2ANqtz-9Iu4HnfVh81H43Rcatc5oPrmUJiezLnUwj_eLBnAIZrJ8tYBL0SRSaRWZvZJUTHHTQ8G4FdE00q0wNgtJquiD69iC2uA&_hsmi=402961648&utm_content=402961648&utm_source=hs_email

Investment Highlights:

  • Listing Price: Market Bid

  • ±13 Acres

  • ±116,450 GSF Retail & Self Storage

  • In-Place NOI: $718,414 (as of 12/31/25)

  • Stabilized NOI: $1,287,681

  • 51.9% Expense Ratio

Self-Storage Highlights:

  • ±60,922 NRSF of Climate Control Self Storage Managed by CubeSmart

  • 108 Exterior Boat and RV Parking Spaces in Fully Secured Lot

  • ±67.4% Physical Occupancy & +-70% SF Occupancy as of 12/31/25

  • +-50% Economic Occupancy as of 12/31/25

  • Phase I Opened 10/1/2023

  • Recently Added 58 CC Units in Phase III on 9/1/2025

  • Phase II Added 29 CC Units Online 12/1/2025

Retail Center Highlights:

  • ±34,292 SF of Retail

  • 10 Suites

  • 100% Leased

  • 19 Years Average Occupancy

  • Long-Term AT&T Cell Tower

  • Below Market Rents | $11.84 PSF Avg.

Listing Contacts

RC
IL IL 475.171700
Matthews
PF
IL 475118789
Matthews
Listed by Matthews

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Additional Information

Name
Patrick Forde
License
122887, 2330333
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866)889-0550
Title
Broker of Record
Brokerage Address
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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