NOW AVAILABLE 200 MIDDLESEX AVENUE PREMIER ±406,437 SF DISTRIBUTION FACILITY LOCATED NEAR THE PORTS
New Owner. Flexibility In Design. Port Location. :: Additional trailer parking available :: New sprinkler system upgrade :: New T-5 lighting throughout warehouse :: Refurbished parking lot and truck court :: Cross docking ability possible :: Exterior upgrades including new paint www.200middlesex.com OVERVIEW Building Address: Total Building Size: Total Available Space: Office Area: 200 Middlesex Avenue, Carteret, NJ ±406,437 SF ±291,000 SF - ±406,437 SF 10,252 SF Clear Ceiling Height: 26-28 Loading Docks: 44 Column Spacing: 30 x 50 Floor Loads: Sprinklers: Heat: Roof: Power: Lighting: Zoning: Car Parking: Occupancy: 4500 PSI, 6 Reinforced Concrete over 4 Cut Stone ESFR Floor Mounted Gas Fired Hot Air Furnaces R-Value 12.0 (4 thick roof insulation) 1,600 Amps (single tenant user) The eastern and western tenant spaces are provided with a 480/277-volt, 3-phase, 4-wire, 400-ampere service. The central tenant space is provided with a 480/277-volt, 3-phase, 4-wire, 800-ampere service. Step down transformers are provided in each tenant space. High Pressure Sodium Vapor Lighting Zoned Industrial 200 Spaces 90 Days from Lease Execution
SITE PLAN ±406,437 SF ±10,252 SF Office Space 44 Loading Dock Doors 26-28 200 Car Parking Spaces
INCENTIVES Grow New Jersey Assistance Program If you are a business creating or retaining jobs in New Jersey and making qualified capital investment at a qualified business facility you can apply for grants of corporate business tax credits for job creation/retention through the Grow NJ program. The Grow NJ program helps companies preserve and create jobs, expand operations, and reinvest in the State of New Jersey. New Jersey Urban Enterprise Zone (UEZ) The UEZ Program exists to foster an economic climate that revitalizes designated urban communities and stimulates their growth by encouraging businesses to develop and create private sector jobs through public and private investment. Benefits to UEZ firms include: :: Businesses participating in the UEZ Program can charge half the standard sales tax rate on certain purchases, currently 3.5%. :: UEZ businesses may enjoy tax exemptions on certain purchases including capital equipment acquired and investments made to build a new facility, expand, or upgrade an existing facility. :: For each new permanent full-time employee hired, businesses may receive a one-time $1,500 tax credit. :: Alternatively, the UEZ Program allows a tax credit against the Corporate Business Tax up to eight percent of qualified investments within the zone. :: Businesses may be eligible for priority financial assistance. :: Employers may benefit from subsidized unemployment insurance costs for certain employees who earn less than $4,500 per quarter. :: Electricity and natural gas sales tax exemption on consumption within an enterprise zone by manufacturing firms with at least 250 employees, over 50% of whom are in a manufacturing process. New Jersey Economic Development Authority State of New Jersey, 2013
Superb Logistical Access. Points North LOCATION :: Convenient access to the New Jersey Turnpike Exit 12, Routes 1 & 9, 440 and 287. :: Minutes to Port Newark, Port Elizabeth and Newark Liberty International Airport. :: 15 miles from Mid-town Manhattan.
THE PORTS Activity at the port terminals continues to increase, which typically prompts growth for the surrounding New Jersey Industrial real estate market. As of November 2012, monthly loaded container traffic in TEUs is up 5.3% from the previous month. The Port Authority is continuing to partake in the US port industry s East Coast race to upgrade port infrastructure in preparation for larger cargo vessels that will pass through the Panama Canal starting in 2014. NJ & NY Drayage Cost Comparison / Impact Upon Tenant Occupancy Cost The analysis below compares the drayage costs of locating in the Ports versus nearby industrial markets and breaks it down on a cost per square foot basis. For the purposes of this study we are assuming a building size of 200,000 Sq. Ft. Submarket Cost Per Container (from NJ Port) Rate Increase PSF 1,000 Containers/Year Rate Increase PSF 2,500 Containers/Year Newark/Linden/Elizabeth $265 - - - Rate Increase PSF 5,000 Containers/Year Meadowlands $295 $0.15 $0.38 $0.75 NJ TPK Exit 12 $275 $0.05 $0.13 $0.25 NJ TPK Exit 10 $295 $0.15 $0.38 $0.75 NJ TPK Exit 8A $355 $0.45 $1.13 $2.25 NJ TPK Exit 7A $375 $0.55 $1.38 $2.75 NJ TPK Exit 5 $595 $1.65 $4.13 $8.25 Morris County, NJ $330 $0.33 $0.81 $1.63 Orange/Rockland County, NY $495 $1.15 $2.88 $5.75 Lehigh Valley, PA $495 $1.15 $2.88 $5.75 Harrisburg, PA $775 $2.55 $6.38 $12.75 Philadelphia, PA $575 $1.55 $3.88 $7.75 Manhattan, NY $495 $1.15 $2.88 $5.75 Bronx, NY $495 $1.15 $2.88 $5.75 Brooklyn, NY $495 $1.15 $2.88 $5.75 Queens, NY $495 $1.15 $2.88 $5.75 JFK/Nassau County, NY $525 $1.30 $3.25 $6.50 Minutes to Port Newark & Port Elizabeth. All tolls included (including tolls to NYC and Long Island up to $135). Fuel surcharge included. Two hour stand by time included. Over 2 hours is $60 per hour. Chassis charge of $20 per day. Any container exiting Howland Hook add $91.70 in tolls. * Estimates provided by Phoenix Warehouse All City Leasing.
TRUCKERS RESOURCES Up To 32 Loading Docks. We understand the unique needs of truckers. That s why we compiled the resources you need to ensure a safe and smooth trip on the six crossings owned and maintained by The Port Authority of New York and New Jersey. If you re traveling between New York and New Jersey in a truck or commercial vehicle, we ask that you familiarize yourself with the restrictions below. This includes the transportation of hazardous materials, vehicle lengths, widths, heights, and weights. Violators are subject to a summons and a fine. CROSSING HEIGHT LIMIT WIDTH LIMIT VEHICLE RESTRICTIONS George Washington Bridge 14 ft 8 ft 6 in Upper Level George Washington Bridge 13 ft 6 in 8 ft 6 in No trucks - all trucks must use Lower Level upper level. No propane. Lincoln Tunnel 13 ft 8 ft 6 in No trucks in center tube of Tunnel. No propane in any tube. Holland Tunnel 12 ft 6 in 8 ft 2- and 3-axle, single unit trucks only. No tractor trailers and no trucks with 4 or more axles. No propane. Goethals Bridge 14 ft 8 ft 6 in Outerbridge Crossing 14 ft 8 ft 6 in Please keep in mind the following: :: All 8 ft 6 in (102 in) trucks entering New York City must have a permit, regardless of the crossing used. :: No trucks permitted on the Garden State Parkway in New Jersey. :: No trucks permitted on the Henry Hudson Parkway in New York. :: Commercial vehicles using E-ZPass are eligible for discounted tolls when crossing at certain times. :: Convoys and oversize vehicles are subject to special restrictions. www.200middlesex.com
200 MIDDLESEX AVENUE C A R T E R E T, N E W J E R S E Y F O R M O R E I N F O R M AT I O N P L E A S E C O N TA C T: Thomas F. Monahan, CCIM, SIOR Senior Vice President +1 201 712 5610 thomas.monahan@cbre.com Noah R. Balanoff, CCIM First Vice President +1 201 712 5647 SITE noah.balanoff@cbre.com Anastasia Lazarides Client Services Specialist +1 201 712 5638 anastasia.lazarides@cbre.com CBRE, Inc. Licensed Real Estate Broker Park 80 West, Plaza Two www.200middlesex.com 250 Pehle Avenue, Suite 600 Saddle Brook, NJ 07663 www.cbre.com 2015 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.