The site is well located along Route 35 in Cliffwood, NJ, is under 2-miles from Exit 120 off the Garden State Parkway, 11 miles to the New Jersey State Turnpike (I-95) and 29 miles from the Port of Newark, NJ. The current condition of the site requires minimal additional capital. The on-site building is in excellent condition with adequate clear height. Currently zoned light-industrial there is no additional permitting required to re-lease the property to a similar user and the scope of permitted uses should not inhibit ability to re-lease the property. The supply and demand dynamics for this product type present a strong case for continued rent growth. This dynamic will be compounded by the general lack of available sites in the market.
