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Master

THE DEPO
30 UNION AVE, HASKELL (WANAQUE) NJ 07420

THIS DUAL-PHASE PROJECT LOCATED ON-TURN OFF I-287 IN THE HASKELL COMMUNITY OF WANAQUE BOROUGH NJ CONSISTS OF ONE APPROVED 272,000 SF CROSS-DOCK INDUSTRIAL BUILDING ON 31-ACRES (PHASE 1) AND ONE PROPOSED SHALLOW BAY COMPONENT TOTALING 100,000 SF ON 55 ACRES (PHASE 2). UPON COMPLETION, PHASE 1 OF THE PROJECT WILL FEATURE 40’ CLEAR, FULL BUILDING CIRCULATION, AMPLE LOADING (1 PER 3,160 SF) AND ABOVE MARKET AUTO/TRAILER SPACES, WHILE PHASE 2 WILL FEATURE TWO TERMINALS WITH 177 COMBINED TRAILER PARKING SPACES.

THE DEPO OFFERS EFFICIENT ACCESS TO LABOR AND AFFLUENT CONSUMERS IN BERGEN, PASSAIC, AND MORRIS COUNTIES VIA ROUTE-23 AND ROUTE-208. THE PROJECT ALSO PROVIDES ACCESS TO NYC, PORT OF NJ/NY, AND EWR VIA ROUTE-17 AND ROUTE-80. BULK DISTRIBUTION OCCUPIERS INCLUDING AMAZON, WALGREENS, FEDEX, RAYMOUR & FLANIGAN, AND OTHERS ARE LOCATED ALONG THE I-287 CORRIDOR STRADDLING THE NY STATE BORDER. THIS REGIONAL INDUSTRIAL SUBMARKET HAS AN OCCUPANCY RATE OF 93.8% WITH CURRENT CLASS-A TAKING RENTS EXCEEDING $20.00 PSF.

THE PROJECT HAS BEEN SUCCESSFULLY TAKEN THROUGH A MULTI-YEAR APPROVAL PERIOD AND HAS OBTAINED ALL NECESSARY PERMITTING TO COMMENCE SITEWORK ON PHASE 1. THE PHASE DEVELOPMENT TIMELINE, DIVISIBILITY, AND FINALIZED 30-YEAR PILOT WILL ATTRACT A VAST MAJORITY OF OCCUPIERS SEEKING REGIONAL CONNECTIVITY ALONG ONE OF THE MOST HEAVILY TRAFFICKED INTERSTATE CORRIDORS IN NNJ.

MASTER SITE PLAN

Master Site Plan

DEVELOPMENT SPECIFICATIONS

PHASE

AVAILABLE SF

OFFICE SF
SITE SIZE
BUILDING DIMENSIONS​

​CLEAR HEIGHT

LOADING DOCK DOORS

DRIVE-IN DOORS

LOADING FORMAT

TRUCK COURT DEPTH

TRAILER PARKING

AUTO PARKING

TAXES
ACCESS

ENTITLEMENT STATUS

AMENITIES

ASKING RATE

OPEX (EST.)

1

272,000 SF

TO SUIT

30.88
400' x 680'​

40'

82

4

SINGLE-SIDE

130'

65+ (PHASE TWO)

144 (4 EV)

30-YEAR PILOT

I-287 (EXIT 55)

APPROVED

PARK + PANORAMIC VIEWS 

$20.00/SF

$2.60/SF 

2

272,000 SF

TO SUIT

54.
400' x 680'​

40'

82

2

SINGLE-SIDE

130'

​__

144 (4 EV)

30-YEAR PILOT

I-287 (EXIT 55)

PROPOSED

PARK + PANORAMIC VIEWS 

$20.00/SF

$2.60/SF 

2

272,000 SF

TO SUIT

54.
400' x 680'​

40'

82

2

SINGLE-SIDE

130'

__

144 (4 EV)

30-YEAR PILOT

I-287 (EXIT 55)

PROPOSED

PARK + PANORAMIC VIEWS 

$20.00/SF

$2.60/SF 

2

272,000 SF

TO SUIT

54.
400' x 680'​

40'

82

2

SINGLE-SIDE

130'

__

144 (4 EV)

30-YEAR PILOT

I-287 (EXIT 55)

PROPOSED

PARK + PANORAMIC VIEWS 

$20.00/SF

$2.60/SF 

PHASE 1 DEVELOPMENT VALUATION

TOTAL BUILDABLE SF

NET RENT PSF
MARKET VACANCY FACTOR
NET OPERATING INCOME

SPOT CAP RATE

SELLING COSTS

ADJUSTED SPOT CAP RATE

COMPLETED & STABILIZED BUILDING VALUE

COMPLETED & STABILIZED VALUE PSF
DEVELOPER'S SPREAD
DEVELOPERS YIELD TO COST

DEVELOPER'S BUILD TO VALUE

VALUE PSF
LESS: DEVELOPMENTS COSTS

DEVELOPMENT COSTS PSF
APPROVED LAND VALUE
LAND VAUE PSF​​​

TARGET

250,000
$19.75
1.50%

$4.9M

4.95%

2.00%

5.05%

$96.3M
$385
1.50%

6.40%

$75.9M
$304

$53.4M
$214
$22.5M

$90​​​

MID POINT

250,000
$19.25
1.50%

$4.7M

5.10%

2.00%

5.20%

$91.1M
$365
1.50%

6.55%

$72.4M
$289

$53.4M
$214
$18.9M

$76​​​

CONSERVATIVE

250,000
$18.75
1.50%

$4.6M

5.25%

2.00%

5.35%

$86.3M
$345
1.50%

6.70%

$68.9M
$276

$53.4M
$214
$15.5M

$62​​​

BUILDING LEASE COMPS

ADDRESS

100 PERFORMANCE DR, MAHWAH NJ

125 POMPTON PLAINS CROSSROAD, WAYNE NJ

25 MARKET ST, ELMWOOD PARK NJ

17-02 NEVINS RD, FAIR LAWN NJ

200 MALTESE DR, TOTOWA NJ

1000 MACARTHUR BLVD, MAHWAH NJ

1000 MACARTHUR BLVD, MAHWAH NJ

TENANT

QUICKBOX

SILK ROAD

MLB NETWORK

BROOKAIRE

REGAL COMMODITIES

WALGREENS

I-LABS

BASE

$15.95

$18.00

$28.50

$18.15

$17.15

$20.00

$18.50

OPEX

$

$__

$ __

$4.95

$2.50

$3.75

$3.75

RSF

271,176

70,000

206,826

152,076

208,566

100,000

56,000

TERM (MO.)

96

84

240

--

120

120

60

INCREASES

3.50%

3.00%

--

--

3.50%

4.00%

3.50%

FREE RENT (MO)

0

6

--

--

0

0

0

TI

0

$6

--

--

$0

$0

$0

CLEAR

36'

40'

40'

36'

22'-32'

40'

40'

LD | DI

__

__

32 | 2

28 | 2

34 | 4

34 | 2

34 | 2

DATE

Q1, 2026

Q1, 2026

Q2, 2024

Q4, 2024

Q2, 2024

Q1, 2024

Q1, 2024

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