1 Barrett Ave & 10 Willow St
Retail | 29,626 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase two freestanding industrial buildings located at 1 Barrett Avenue and 10 Willow Street in Moonachie, New Jersey (the “Property”). 1 Barrett Avenue is a 10,526 square foot single story industrial building positioned on a 0.80-acre parcel; 10 Willow Street is a 19,100 square foot single story industrial building positioned on a 0.90-acre parcel. Both Properties have been well maintained and feature newer roofs and updated LED lighting throughout. The two Properties will be delivered vacant and are 0.5 miles apart.
The Properties benefit from a prime infill location just off Moonachie Avenue in the center of one of northern New Jersey’s most established industrial corridors. Surrounded by a dense concentration of light industrial, warehouse, and manufacturing facilities, the area supports a substantial daily workforce and consistent commercial activity. The site is positioned minutes from Teterboro Airport and approximately 2.5 miles from the Meadowlands Sports Complex, both of which serve as significant regional traffic generators. Located roughly three miles from Interstate 95, the Properties also provide efficient access to Interstate 80, U.S. Route 46, and NJ Routes 17 and 3, as well as nearby Wood-Ridge and Meadowlands rail stations. With its exceptional connectivity and proximity to key employment and transportation hubs, the location is well suited for users seeking strategic access to the greater New York metropolitan market.
Investment highlights
THE ASSETS: 1 Barrett Avenue is a single-story industrial building that contains 10,526 square feet on a 0.80-acre parcel of land. The building features one (1) drive- in overhead door and one (1) dock-height overhead door. The brick building has been well maintained and features a newer flat EPDM roof (replaced in 2022) with a 20- year transferable Firestone warranty. Additionally, all warehouse, office and outside lights were converted to LED in 2021.
10 Willow Street is a single-story industrial building that contains 19,100 square feet on a 0.90-acre parcel of land. The building features four (4) dock-height overhead doors. The brick building has been well maintained and features a newer flat rubber roof (replaced in 2020) with a 20-year transferable Firestone warranty. The entire office space was renovated in 2020 with new carpet, ceiling tiles, bathroom fixtures, and flooring throughout. Additionally, all warehouse, office and outside lights were converted to LED in 2021.
UPSIDE POTENTIAL: The two industrial buildings will be delivered vacant, providing an investor with the opportunity to lease the Properties at market rates, or to use the Properties as an Owner-User.
STRATEGIC LOCATION: The Properties are strategically situated just off Moonachie Avenue within the core of a densely built industrial and manufacturing district comprised of hundreds of light industrial, warehouse, and production facilities. This concentration of businesses brings a substantial daytime workforce to the immediate area. The site is also located just moments from Teterboro Airport and approximately 2.5 miles from the Meadowlands Sports Complex, both of which contribute additional traffic and activity. The Properties are roughly three miles from Interstate 95 and offer convenient connectivity to Interstate 80, U.S. Route 46, and NJ Routes 17 and 3, as well as access to the Wood-Ridge and Meadowlands train stations.
INDUSTRIAL PRESENCE: The industrial sector has played a significant role in Moonachie’s economic landscape as the borough is home to various businesses, warehouses, and manufacturing facilities. Its industrial presence contributes to the local economy and provides employment opportunities for residents. Moonachie is conveniently positioned near major transportation arteries, making it attractive to Industrial Tenants that rely heavily on ground transportation. The New Jersey Turnpike, one of the nation's key toll roads, is seconds away, providing easy access to both northern and southern destinations. Additionally, Routes 17 and 120 pass through the borough, enhancing its connectivity to neighboring areas and highways.
MEADOWLANDS SPORTS COMPLEX: The Properties are 2.5 miles from the Meadowlands Sports Complex. The complex currently consists of MetLife Stadium, which is home to the NFL’s New York Giants and New York Jets; the Meadowlands Racetrack, a famous harness racing circuit (which is home of the annual Hambletonian Stakes); and the Quest Diagnostics Training Center, which is the Giants' practice facility. The complex is also home to the American Dream, an entertainment & retail center located in the Meadowlands Sports Complex in East Rutherford, NJ. American Dream features an indoor theme park, water park, ski slope, & high-end luxury stores.
TRAFFIC COUNTS: On average, more than 90,100 vehicles pass near the Properties each day along NJ Route 17.
STRONG DEMOGRAPHICS: Approximately 182,300 people live within 3 miles of the Properties with an average household income of $129,627. More than 665,400 people live within 5 miles of the Properties with an average household income of $128,756. Additionally, there are more than 103,400 employees within 3 miles of the Properties.
AREA BUSINESSES & EMPLOYERS: Area businesses and employers surrounding the Properties include, but is not limited to Amazon, Capelli New York/GMA Accessories, EBIN New York, Massimo Zanetti Beverage USA, 4Wall New York, Inline Distributing, Wise Foods, Sungard Availability Services, The Peterson Company, Cornell Paper & Boc Company, President Container Group, Bulbrite Industries, IMEX Global Solutions, L&W Supply, PKNY International, and American Consolidation. These businesses draw thousands of employees to the immediate area daily.
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