NYC Tri-Modal Center Staten Island, NY

As exclusive agent, Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer a 100% fee interest in NYC Tri-Modal Center for sale. This +/- 48.32-acre IOS site is located immediately off Route 440 just south of the Staten Island Expressway / I-278. Fully leased with a 6.7-year WALT, NYC Tri-Modal Center provides a rare NYC Boroughs opportunity to acquire an income-producing IOS site in an extreme barrier-to-entry market with potential NOI growth. 

The NYC IOS market is defined by a scarcity of available sites and the city’s strict zoning regulation which impacts existing sites and future supply. Zoned M3-1, the site permits a wide range of uses and is accessible by truck, four rail tracks to CSX and Norfolk Southern, and maritime with 700’ of bulkhead. Its location is in the geographic center of North America’s second-busiest port and 20+ million-person consumer market. 

Since acquiring the property in 2020, ownership has invested over $10 million in capital improvements, including bulkhead repairs, elevating portions of the site out of the floodplain, demolition of obsolete structures, grading and milling to add leasable acreage, and upgrading power infrastructure. The site also offers future power potential, being less than one mile from Staten Island’s largest substation. NYC Tri-Modal Center is fully leased to five tenants with a nearly 7 years of WALT, diverse range of lot sizes ranging from 0.15 to 15 acres, and the ability to increase the NOI by $3.1 MM over five years. 

Investment Highlights