Investment Overview
NAI James E. Hanson (“NAI”), a licensed real estate brokerage firm, has been exclusively retained to market 622 State Route 303 (the “Property”) for sale. The Property is a construction-ready, 160,120 square foot industrial development site situated on 18.5 acres in Rockland County, New York, and benefits from all required town, county, and state unappealable site plan approvals in place.
Investment Highlights
- Construction-ready 160,120 square foot industrial development situated on 18.5 acres
- All required town, county, and New York State approvals have been received, allowing for immediate execution
- Rockland County has gained strong popularity from institutional ownership as a sought-after alternative to Westchester County where land pricing is just north of $300 PBSF
- Average asking rents for Class A product is in the high teens, driven by sustained spillover demand from Northern New Jersey and Westchester County
- Strategically located just off Route 303, less than two miles from I-287, and under five
- miles from the Mario M. Cuomo Bridge
- Access to approximately 4.3 million people within a 30-minute drive, 17.6 million within 60 minutes, and 23.2 million within 90 minutes
- 5 miles from Westchester County and 8 miles from Bergen County allowing for efficient distribution
- Adjacent to national credit tenants such as Amazon, FedEx, UPS, Acura, Restaurant Depot, Rivian
- Access to an affluent and densely populated consumer base