99 WOOD SOUTH AVENUE Iselin, NJ

As exclusive agent, Cushman & Wakefield is pleased to offer a 100% leasehold interest in 99 Wood Avenue South for sale. This offering represents a rare opportunity to acquire an office tower in Metropark, New Jersey’s leading suburban CBD submarket, strategically located at the intersection of I-95, Garden State Parkway, and I-287, and served by Amtrak and NJ Transit rail and bus service.

The ten-story, 267,246 SF office tower features structured parking, a full-service cafeteria, ideally sized floor plates, and robust infrastructure including two electric substations and a full-building backup generator. 99 Wood Ave South is walking distance to Metropark Station’s Amtrak and NJ Transit rail, with bus service to New York City and the eastern seaboard and a beneficiary of the state’s most significant labor intercept location via the Garden State Parkway, New Jersey Turnpike, Routes 1, 9 and 440, and Interstate 287.

Currently, the building is 64% leased to a diverse roster of tenants, including investment-grade companies such as Ernst & Young, M&T Bank, Wells Fargo, and CitiGroup which together comprise 34% of the tenant roster. The property offers the opportunity to acquire a cashflow positive asset with 5.4X potential NOI growth over a 10-year hold ($3.5MM+) via lease-up in Northern New Jersey’s premier transit-served submarket.

Investment Highlights