447 Ferry Street is a well-appointed industrial facility within the three-building Newark Distribution Center in Newark, New Jersey. Situated at the corner of Ferry Street and Christie Street on a 13.5-acre site, current availability includes 48,000 square feet of last-mile distribution space. The property sits in an Opportunity Zone and benefits from federal tax incentives. Updated roofs, exterior paint, common areas, signage, windows, loading facilities, elevators, and parking areas are all part of a recently completed capital improvement plan. Other property features include heavy power.
Newark Distribution Center is in the working-class Ironbound neighborhood and within 2 miles from the Port of Newark, 7 miles from Newark Liberty International Airport, and 9 miles from the heart of Manhattan. Benefit from a highly accessible location within convenient proximity of Interstates 78, 95, and 280, providing tenants the ability to serve over 16 million people within a one-hour drive. Plus, have access to a robust and highly trained employment base, with 11% of the total workforce living within a 10-mile radius employed in the warehousing sector.