NNJ Industrial Redevelopment Site Sayreville, NJ

As exclusive agent, Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer NNJ Industrial Redevelopment Site for sale. Located in Sayreville New Jersey, the 54 acre site benefits from momentary access to/from NJ Turnpike Exit 9 as well as routes 9, 18, 35, and the Port of NY/NJ.

The property is currently improved with multiple warehouse structures and associated gravel parking / IOS areas covering roughly 30.2 acres. Historically maintaining near full occupancy, the property is 99% leased to 202 tenants on a majority month-tomonth basis generating annualized gross revenue of $2,354,000. As a redevelopment, warehouse plans allow for a 435,319 SF (as-of-right) 40’ clear warehouse with 58 loading positions, 132 trailer spaces, and 182 car parks. Alternatively, the site’s special economic district zoning (60% FAR, 85% impervious) allows for alternative multibuilding and low-coverage options to accommodate a wide range of permitted uses. This unique opportunity of scale presents investors, developers, and users with multiple options via a combination of IOS, warehouse / distribution, shallow-bay, or other uses.

NNJ Industrial Redevelopment Site offers immediate access to a deep labor pool and the ability to reach over 23 million consumers within a 90-minute drive. The property offers significant NOI growth from marking IOS leases to market, increasing operating efficiencies, and/or overall repositioning and redevelopment.

Investment Highlights