Kill Van Kull Terminal Bayonne, NJ

Overview

As an exclusive agent, Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer a 100% fee interest in Kill Van Kull Terminal for sale. Located at the heart of the NY/NJ Port mega-complex, Kill Van Kull Terminal consists of 31.58 acres (26.51 uplands, 5.07 riparian) fronting the NYC Harbor with deep water access. The site will be delivered with existing improvements and is zoned Industrial Heavy (I-H) permitting bulk storage, warehouse and distribution, container storage, manufacturing, and other commercial uses, as of right.

Port NY/NJ new construction rents continue to exhibit positive year-over-year growth with current rents approaching $30/SF. The overall vacancy rates remain near record lows of 4.7% within the Port region for warehousing and distribution (as of H1 2023). In conjunction with the average age of Port inventory being greater than 50 years old and only 17% of standing inventory being Class-A, Kill Van Kull Terminal offers multiple paths to creating value including the opportunity to deliver +/- 425,000 SF of modern logistics or warehousing space.

With 820’ fronting New York Harbor, The site offers maritime access to the Kill Van Kull connecting the Hudson River/New York Harbor and Newark Bay, as well as direct access to Route 440 which links to the NJ Turnpike/Interstate 95, Interstate 78, Interstate 287, Routes 1 & 9, and Global Container Terminal. Situated within one of North America’s largest ports by container volume, and at the heart of the 22 million residents in the NY MSA, Kill Van Kull Terminal offers rarely matched maritime, air, rail, and roadway access across the metropolitan region and the population that surrounds it.

Investment Highlights