July 22, 2020, New York, NY – Meridian Investment Sales, the commercial property sales division of Meridian Capital Group, is pleased to present exclusively for sale 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 Vice President, David Benharouch, are representing the seller in this transaction.
Located at 130 Moonachie Avenue, the warehouse is situated on more than 7.7 acres in the highly desirable industrial enclave of Carlstadt, NJ. The building is fully occupied at rents substantially below market, presenting an excellent opportunity to reposition the existing asset, which is configured as an 87-door cross dock freight terminal. Notable tenants include Accurate Logistics, National Road Service, Greyhound Lines, Inc., Treadway Tours, and H.E. Acquisition LLC. 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, buildings of this nature are able to command a significant rental premium, making this an exceptional opportunity for an investor or end-user in one of the nation’s most sought-after areas.
Situated just 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, benefitting from close proximity to five interstate highways, the Lincoln Tunnel, and the George Washington Bridge.