1000 Jefferson @ EWR
VALUE-ADD NJ PORT/NEWARK LIBERTY INTERNATIONAL INDUSTRIAL OPPORTUNITY
Marketing description
As exclusive agent, Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer 1000 Jefferson @ EWR for sale. Totaling 201,560 SF on +/-7.7 acres, less than a mile from Newark Airport and two miles from Port Newark/Elizabeth, the Property is ideally situated within one of the most sought-after submarket in Northern New Jersey.
1000 Jefferson @ EWR provides an immediate value-add opportunity via lease-up.
1000 Jefferson @ EWR is situated directly off Route 9, minutes from I-95/NJ Turnpike (Exit 13A and 14), I-78, EWR and the Port. The population with three miles is over 55% workforce labor and nearly 16 million consumers reside within a one-hour drive. Port Submarket fundamentals continue to demonstrate resiliency, with taking rental rates exceeding $25 PSF, and leasing activity of 4+ MSF in 2025. Currently leased to one tenant at average rent of $10.14/SF vs market of $15.46/
SF, there is an immediate opportunity to backfill 111,515 SF of available space. $2.5 million (3.4x) projected NOI growth over four years.
Investment highlights
IMMEDIATE VALUE-ADD OPPORTUNITY
• $2.5 MM projected NOI growth over 4-years
• $10.14/SF weighted average in-place rents vs. $15.46/SF weighted average market rent
• 111,515 SF available offering immediate upside
IDEAL PORT NEWARK / ELIZABETH LOCATION
• Minutes from Newark Airport, Port of Newark / Elizabeth, I-95, I-78 and Route 9
• 269,351 residents, and 55% workforce labor within a three mile radius
• 15.5 million consumers within a 60-minute drive time
HIGH-BARRIER SUPPLY‑CONSTRAINED SUBMARKET DYNAMICS
• Located within New Jersey’s largest industrial submarket, totaling 83.3 MSF of inventory
• 4.0 MSF of leasing activity in 2025; 123% increase YoY and the most active year since 2020
• +$25/SF recent class A taking rents in Elizabeth
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