Log In/Sign Up
Your email has been sent.
Turnkey Flex Facility Near I-287 500 Corporate Dr 38,500 SF Vacant Flex Building Online Auction Sale Mahwah, NJ 07430
Investment Highlights
- 500 Corporate Drive totals 38,500 square feet on a 5.7-acre parcel with dedicated warehouse, flex/ assembly, and office space.
- Flex user’s opportunity to acquire move-in-ready space off Interstate 287, a prime location supporting delivery logistics.
- Features a 16’ warehouse ceiling height, three tailgates, one drive-in, plenty of surface parking, and a solar system roof installation.
- Industrial corridor location near FedEx and UPS distribution hubs with close access to the Mahwah train station.
- Close to Route 17, 1.5 miles from the Route 17, I-287 & I-87 interchange, and just a few miles from the New York/New Jersey border.
- Industry neighbors include regional suppliers, distribution centers, medical equipment manufacturers, and a data center.
Executive Summary
Located near the New Jersey and New York border with seamless connectivity to surrounding metros, transit hubs, and Connecticut via Interstate 287, 500 Corporate Drive offers a rare acquisition for an owner/user seeking versatile office, warehouse, and assembly space. Delivered vacant, the property offers an immediate opportunity for a business, such as a research and development firm, a manufacturer, or a logistics service provider, to establish itself in Bergen County’s industrial corridor.
The building encompasses 38,500 square feet on a generous 5.7-acre site, featuring 65 parking stalls (expandable), three tailgates, and one drive-in. The two-story building offers 15,500 square feet of warehouse space, 10,500 square feet of flex/assembly space, and 12,500 square feet of office space. The warehouse boasts a tall ceiling height, and the office features standard cubicle infrastructure, meeting spaces, and private offices. The property features a rooftop solar installation generating approximately $33,000 annually through the sale of SRECs in the open market, providing a supplemental income stream. Tenants also benefit from reduced utility costs through access to on-site solar generation.
The location is strategically situated near major highways, providing easy access to New York City and surrounding areas and making it an attractive site for companies seeking a convenient commuting option for their employees. The surrounding area offers a range of services, including dining and retail, enhancing the location's overall appeal. Connectivity is a defining strength of the New York industrial market. The Port of New York and New Jersey ranks among the nation's largest, and JFK and Newark airports (one hour) accommodate personnel and cargo transportation.
The 5-mile radius is home to a growing population and a highly skilled labor force. Construction, manufacturing, and trade transportation account for nearly 35% of the daytime employment sectors, and approximately 30,000 employees report to warehouse occupations.
500 Corporate Drive distinguishes itself in the Northwestern Bergen Submarket, offering an exceptional investment and innovation opportunity.
Property tours are available by appointment only. Please contact the broker to schedule.
The building encompasses 38,500 square feet on a generous 5.7-acre site, featuring 65 parking stalls (expandable), three tailgates, and one drive-in. The two-story building offers 15,500 square feet of warehouse space, 10,500 square feet of flex/assembly space, and 12,500 square feet of office space. The warehouse boasts a tall ceiling height, and the office features standard cubicle infrastructure, meeting spaces, and private offices. The property features a rooftop solar installation generating approximately $33,000 annually through the sale of SRECs in the open market, providing a supplemental income stream. Tenants also benefit from reduced utility costs through access to on-site solar generation.
The location is strategically situated near major highways, providing easy access to New York City and surrounding areas and making it an attractive site for companies seeking a convenient commuting option for their employees. The surrounding area offers a range of services, including dining and retail, enhancing the location's overall appeal. Connectivity is a defining strength of the New York industrial market. The Port of New York and New Jersey ranks among the nation's largest, and JFK and Newark airports (one hour) accommodate personnel and cargo transportation.
The 5-mile radius is home to a growing population and a highly skilled labor force. Construction, manufacturing, and trade transportation account for nearly 35% of the daytime employment sectors, and approximately 30,000 employees report to warehouse occupations.
500 Corporate Drive distinguishes itself in the Northwestern Bergen Submarket, offering an exceptional investment and innovation opportunity.
Property tours are available by appointment only. Please contact the broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
| Sale Type | Investment | No. Stories | 2 |
| Sale Condition | Auction Sale | Year Built | 1977 |
| Type of Ownership | Fee Simple | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 1.69/1,000 SF |
| Property Subtype | Light Manufacturing | Clear Ceiling Height | 16’ |
| Building Class | B | No. Dock-High Doors/Loading | 3 |
| Lot Size | 5.70 AC | No. Drive In / Grade-Level Doors | 1 |
| Rentable Building Area | 38,500 SF | Parcel Number | 33-00136-0000-00010 |
| Zoning | IP-120 - Industrial Park | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 5.70 AC |
| Rentable Building Area | 38,500 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Tenancy | Single |
| Parking Ratio | 1.69/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | IP-120 - Industrial Park |
| Parcel Number | 33-00136-0000-00010 |
Amenities
- Property Manager on Site
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
38,500 sf of flex space available within 30 days, including 12,500 sf of office space.
• Building Structure: 2 story flex building at grade • 3 tailgates; 1 drive-in • Clear Height: 16 feet (Warehouse)+/-11 feet (2nd Floor) • 65 Parking spaces • Real Estate Taxes are $64,870.75 • 30’ x 30’ column spacing • Year Built: 1977
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 38,500 SF | Flex | Full Build-Out | 30 Days |
| 1st Floor | 38,500 SF | Flex | Full Build-Out | 30 Days |
1st Floor
| Size |
| 38,500 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size |
| 38,500 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
1st Floor
| Size | 38,500 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | 30 Days |
38,500 sf of flex space available within 30 days, including 12,500 sf of office space.
1st Floor
| Size | 38,500 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | 30 Days |
• Building Structure: 2 story flex building at grade • 3 tailgates; 1 drive-in • Clear Height: 16 feet (Warehouse)+/-11 feet (2nd Floor) • 65 Parking spaces • Real Estate Taxes are $64,870.75 • 30’ x 30’ column spacing • Year Built: 1977
1 1
About Northwest Bergen
The Northwest Bergen area includes the towns of Franklin Lakes, Oakland, Mahwah, and Allendale. Demand for industrial properties located within the submarket has been robust over the past decade, with vacancies trending downward as a result.
Accessibility remains one of the submarket's key demand drivers. Many industrial properties are near key access points such as Route 208, I-287, Route 17, and Route 4.
Properties here typically feature an abundance of on-site parking and desirable ceiling heights, which have attracted a bevy of creditworthy tenants.
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
New York
8,398,748
40
1 h 4 m
Philadelphia
1,584,138
111
2 h 21 m
Boston
694,583
217
4 h 37 m
Washington
702,455
245
5 h 3 m
Columbus
892,533
553
10 h 26 m
Detroit
672,662
614
11 h 32 m
Access and Labor Force
10 Miles
Total Population
549,029
Total Labor Force
286,571
Unemployment Rate
3.02%
Median Household Income
$120,939
Warehouse Employees
30,333
High School Education Or Higher
93.20%
Sale Advisors
Sale Advisors
Isaac Setton, Vice President of Investment Sales
Issac oversees high-quality transactions and projects. He is detail-oriented and proactive. Issac brings years of experience and expertise to each of his listings.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Victoria Quade
Contact
Auctioneer License:
Ten-X Commercial, LLC Arlene Richardson RE Brkr 2187404
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
1 of 1
Presented by
Turnkey Flex Facility Near I-287 | 500 Corporate Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.