July 23, 2020
Meridian Investment Sales has listed an industrial warehouse configured as an 87-door cross dock freight terminal in Carlstadt, NJ. Senior executive managing director David Schechtman, managing directors Lipa Lieberman and Abie Kassin, and VP David Benharouch, are representing the seller.
Located at 130 Moonachie Ave., the warehouse is situated on more than 7.7 acres. The building is fully occupied at rents substantially below market.
The property is in the Meadowlands district, which restricts the development of competing facilities. Given that new truck terminals are no longer permitted while demand continues to surge, Meridian says buildings of this nature are able to command a significant rental premium.
Situated a few miles west of Manhattan, the Meadowlands district has established itself as one of the country’s preeminent last-mile distribution centers. The area has also become a choice destination for data centers looking to establish a strong presence near New York City.
For comments, questions or concerns, please contact Paul Bubny