The Property is a 337,000-square-foot warehouse with an efficient layout spanning nearly 55 acres and 22 undeveloped acres. Additionally, it features a non-active rail spur with potential for future utilization. The Property is currently occupied by Stellantis, a distinguished global automobile and mobility provider renowned for its brands, including Chrysler, Jeep, Dodge, Maserati, and more. Specifically, the Property serves as the New York Parts Distribution Center for Mopar, a division of Stellantis and formerly owned by Chrysler. Mopar's New York Parts Distribution Center caters to New Jersey, Eastern Pennsylvania, and New York State regions, extending as far north as Middletown.
The Property's strategic location provides a notable cost advantage for transportation, with a 50% reduction in expenses when crossing the Hudson River via the Governor Mario Cuomo Bridge instead of the GWB. This makes it an extremely attractive option compared to Westchester County, Northern New Jersey, and the NYC markets. Despite the lower cost basis, accessibility remains uncompromised,
giving it a competitive edge over other regional markets.