Ridgecut Road recently acquired a 5.8-acre industrial service / outdoor storage facility in Lincoln Park.
Located at 131 Beaverbrook Road, the property features a 33,000-sf maintenance facility and warehouse with a 10,000-sf ancillary office building just 20 miles from the
George Washington Bridge into Manhattan and 30 miles from Port Newark.
Situated in a high demand industrial submarket within Morris County, the site offers excellent access to major distribution routes in Northern New Jersey including Routes 202,
23, and 46, Interstates 80 and 287.
The property is uniquely positioned as a drive-in maintenance facility with 2 oversized drive-in doors and 1 dock high loading position in addition to warehouse space with 26’ clear height offering functionality to a wide range of high flow through users in this supply constrained location.
The property will undergo some cosmetic upgrades to modernize the asset to class A
specs including upgraded exterior lighting, repaving and patching the asphalt parking lot,
refreshing the office space and repainting the interior and exterior of the buildings.
Scott Shalek, Principal at Ridgecut Road, expressed enthusiasm for the asset.
“We are excited to add 131 Beaverbrook to Ridgecut Road’s portfolio of ISF/IOS assets. With its strategic location in this dense distribution node of NNJ along with the functionality and scale of the property, we’re confident this asset will deliver value to our investors as well attract top notch tenancy in need of quality industrial real estate that is very difficult to find in this corridor of NJ.”
Nick Stefans and Jason Lundy of JLL arranged the off-market transaction. Max Custer and
Michael Klein of JLL arranged the acquisition financing with Byline Bank.
The asset is currently on the market for lease with Chris Todd, Will Ericksen, Jordan
Avanzato, and Scott Perkins at NAI Hanson.
