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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

NORTHERN & CENTRAL NEW JERSEY INDUSTRIAL

8.0%

VACANCY RATE

-1.2M

SQ FT NET ABSORPTION

7.7M

SQ. FT. UNDER CONSTRUCTION

$18.92

NNN / CLASS A LEASE RATE PER SQ FT

$17.09

NNN / LEASE RATE PER SQ FT

MARKET

DISTRICT

CENTRAL BERGEN

FAIRFIELD MARKET

HUDSON WATERFRONT

MEADOWLANDS

MORRIS REGION

NEWARK

NORTHEAST BERGEN

NORTHWEST BERGEN
ROUTE 23 NORTH

ROUTE 280 CORRIDOR

ROUTE 46/32/2 INTERCHANGE

SUBURBAN ESSEX

NORTHERN NJ TOTAL

BRUNSWICKS/EXIT 9

CARTERET/AVENEL

CENTRAL UNION

EXIT 8A

HUNTERDON/WARREN

LINDEN/ELIZABETH

MONMOUTH

PRINCETON

ROUTE 287/EXIT 10

ROUTE 78 EAST

SOMERSET

TRENTON/295

CENTRAL NJ TOTAL

NJ TOTAL

TOTAL

INVENTORY

30.1M

18.5M

60.8M

92.3M

44.2M

48.5M

7.8M

18.5M
0.7M

4.1M

56.6M

5.3M

387.4M

29.6M

34.4M

22.2M

82.0M

15.1M

44.0M

28.5M

14.6M

112.5M

9.2M

41.0M

30.8M

463.8M

851.2M

VACANCY

RATE

7.2%

6.3%

8.9%

7.0%

12.3%

5.6%

3.3%

8.6%
3.2%

7.0%

4.7%

5.7%

7.3%

7.7%

8.7%

5.3%

11.4%

20.4%

8.8%

7.2%

7.9%

6.8%

3.4%

6.8%

10.1%

8.6%​

 

8.0%

CLASS A

AVG ASKING RENT

--

--

$25.01

$25.29

$17.46

$28.50

--

$21.65
--

--

--

$24.50

$21.66

$18.00

$19.29

$19.25

$16.16

$13.50

$24.85

$16.38

$13.50

$19.47

--

$17.85

$14.11

$18.18​

 

$18.92

ALL SPACE

AVG ASKING RENT

$16.14

$17.06

$18.74

$19.17

$16.42

$18.15

$16.10

$17.76

--
$11.87

$16.24

$22.58

$17.88

$15.32

$18.79

$17.05

$15.65

$12.76

$19.17

$15.51

$13.60

$17.58

$14.64

$16.19

$13.76

$16.61​

 

$17.09

LEASING

ACTIVITY

78,700

191,200

619,200

1,355,000

320,700

193,100

71,500

278,600

89,300
23,000

440,700

0

3,661,200

468,700

601,000

61,800

1,974,300

8,500

551,800

80,300

79,800

1,080,300

0

301,300

308,500

5,516,300​

 

9,177,500

NET

ABSORPTION

-133,500

17,100

307,700

373,300

-601,600

132,700

-29,900

-214,300

-3,500
29,800

-53,300

15,000

-160,300

108,000

551,200

-162,000

252,500

-28,500

-123,000

54,200

-279,800

-882,600

-33,000

-522,500

48,300

-1,018,200​

 

-1,178,400

UNDER

CONSTRUCTION

0

0

76,900

1,286,400

1,055,800

0

0

0

0
0

0

0

2,419,200

195,400

0

0

0

370,000

0

2,583,700

0

155,300

0

370,800

1,618,100

5,293,300​

 

7,712,400

MARKET AREA OVERVIEW

1. ROUTE 23 NORTH

2. NORTHWEST BERGEN

3. NORTHEAST BERGEN

4. MORRIS REGION

5. ROUTE 46/23/3 CORRIDOR

6. CENTRAL BERGEN

7. FAIRFIELD MARKET

8. ROUTE 280 CORRIDOR 

9. SUBURBAN ESSEX

10. MEADOWLANDS

11. HUNTERDON/WARREN

12. SOMERSET

13. ROUTE 78 EASST

14. CENTRAL UNION 

15. LINDEN/ELIZABETH

16. NEWARK

17. HUDSON WATERFRONT

18. PRINCETON

19. BRUNSWICKS/EXIT 9

20. ROUTE 287/EXIT 10

21. CARTERET/AVENEL

22. TRENTON/295

23. EXIT 8A

24. MONMOUTH

Submarket Section

DEFINITIONS

ASKING RENT: WEIGHTED AVERAGE ASKING RENT

 

AVAILABILITY RATE: THE AMOUNT OF SPACE CURRENTLY BEING MARKETED FOR LEASE, DIVIDED BY THE TOTAL CURRENT INVENTORY OF BUILT SPACE IN THE MARKET, EXPRESSED AS A PERCENTAGE.

 

LEASING ACTIVITY: TOTAL AMOUNT OF SQ. FT. LEASED WITHIN A SPECIFIED PERIOD OF TIME, INCLUDING NEW DEALS, EXPANSIONS, AND PRE-LEASING, BUT EXCLUDING RENEWALS.

LEASING VELOCITY: TOTAL AMOUNT OF SQ. FT. LEASED WITHIN A SPECIFIED PERIOD OF TIME, INCLUDING NEW DEALS, EXPANSIONS, AND PRE-LEASING AND RENEWALS.

NET ABSORPTION: THE CHANGE IN THE AMOUNT OF OCCUPIED SQ. FT. WITHIN A SPECIFIED PERIOD OF TIME.

TAKING RENT: ACTUAL, INITIAL BASE RENT IN A LEASE AGREEMENT.

VACANCY: UNOCCUPIED SPACE AVAILABLE FOR LEASE.

THIS MATERIAL HAS BEEN PREPARED BY D4 PROPERTIES LLC (“D4”) FOR INFORMATIONAL PURPOSES ONLY AND REFLECTS CURRENT MARKET VIEWS, ASSUMPTIONS, AND PROJECTIONS AS OF THE DATE HEREOF. SUCH VIEWS ARE INHERENTLY SUBJECTIVE, SUBJECT TO CHANGE, AND MAY DIFFER FROM THOSE OF OTHER MARKET PARTICIPANTS. NO REPRESENTATION OR WARRANTY IS MADE AS TO THE ACCURACY OR COMPLETENESS OF THE INFORMATION PROVIDED. NOTHING HEREIN CONSTITUTES AN OFFER TO SELL OR A SOLICITATION TO BUY ANY SECURITIES, NOR SHOULD IT BE RELIED UPON AS AS INVESTMENT, LEGAL, OR FINANCIAL ADVICE. PAST OR PROJECTED PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.​ D4 UNDERTAKES NO OBLIGATION TO UPDATE THIS MATERIAL AND DISCLAIMS ALL LIABILITY FOR ANY LOSS ARISING FROM ITS USE OR RELIANCE. BY ACCESSING THIS MATERIAL, YOU AGREE TO WAIVE ANY CLAIMS AGAINST D4 AND ITS AFFILIATES, OFFICERS DIRECTORS, EMPLOYEES, AND REPRESENTATIVES.

© 2026 D4 PROPERTIES LLC. ALL RIGHTS RESERVED.

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