130 Moonachie Avenue

For Sale: 63,933 SF Single-Story Warehouse in Carlstadt, NJ

130 Moonachie Avenue, Carlstadt, NJ
Asking Price Submit Offers
Type Warehouse
Neighborhood Carlstadt
Properties 1
Lot Size 336,748 SF / 7.731 Acres
Zoning Code Light Industrial (B)
Size 63,933 SF
Stories 1
Units 6
Air Rights

Investment Highlights:

Meridian Investment Sales is pleased to present exclusively 130 Moonachie Avenue, a prime industrial warehouse situated on over 7.7 acres in the highly desirable industrial enclave of Carlstadt, New Jersey. The building is fully occupied at rents substantially below market with leases expiring as early as 2019 and going until 2024, presenting an excellent opportunity to reposition the existing asset. The property is currently configured as an 87 door cross dock freight terminal, a non-conforming use under the current code. Given that new truck terminals are no longer permitted while demand continues  to surge for truck terminals, buildings of this nature are able to command a significant rental premium.

Location:

130 Moonachie Avenue is situated in the heart of the Meadowland Industrial District just miles west of Manhattan. The neighborhood has established itself as one of the country's preeminent last-mile distribution centers. The property benefits from its proximity to five interstate highways, the Lincoln Tunnel, and the George Washington Bridge, making it easily accessible from across the New York Metro area.

Property Listing Contact:

David Schechtman // Senior Managing Director // 800 3rd Ave., New York, NY // 212.468.5907 // dschechtman@meridiancapital.com

Lipa Lieberman // Managing Director // 800 3rd Ave., New York, NY // 212.468.5908 // llieberman@meridiancapital.com

Abie Kassin // Director // 800 3rd Ave., New York, NY // 212.468.5909 // akassin@meridiancapital.com