186 WOOD AVENUE SOUTH Iselin, NJ

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% leasehold interest in 186 Wood Avenue South for sale. 186 Wood Avenue South is a four-story, 105,956-square-foot office building located in the heart of Metropark, one of New Jersey’s premier corporate office markets. The property offers immediate access to the Garden State Parkway, NJ Turnpike (I- 95), and Metropark’s Amtrak/NJ Transit rail hub, providing direct connectivity to New York City, Newark Liberty International Airport, and the broader Northeast corridor. Stripped to its steel in 2010, the building was redesigned by world-renowned architectural firm Kohn Pedersen Fox Associates PC and has won multiple awards for its striking aesthetic.

Currently 65% leased to a diverse, strong tenant roster— including JPMorgan Chase, JLL, and Massachusetts Mutual Life Insurance—the property provides in-place income with upside through the lease-up of 36,560 square feet of available space. Efficient floor plates and robust building infrastructure maximize operational flexibility for tenants and the adjacent Woodmont Rail at Metropark development will further enhance the property’s appeal, creating a vibrant, transit-oriented environment that attracts top talent and supports sustained demand for high-quality office space.

186 Wood Ave South offers a compelling value-add opportunity through strategic lease-up and repositioning. With 36,560 square feet of vacancy, investors can capitalize on a trophy-quality asset in a submarket where Class A office space commands an average asking rate of $42+ PSF, one of the highest submarket asking rents in the country. Projected NOI is expected to grow by $1.9MM over a 10-year hold, driven by lease-up and rent growth in Northern New Jersey’s premier transit-oriented office hub.

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