For Lease

Ironbound Continental Plaza - 400 Delancy Street, Newark NJ
CITY: COUNTY: STATE: STATUS:
Newark Essex NJ For Lease

Location
400 Delancy Street, Newark, Essex County, New Jersey.  Located at the base of the Delancy Street exit ramp from Routes 1 & 9 North, with immediate North-South access.  First exit off Routes 1 & 9, after Newark Liberty Int'l Airport.

Property Description
Formerly "Red Star Trucking", this existing 274,000 SF three-story, masonry and steel frame office-industrial building is undergoing complete renovation for multi-tenant office and retail.  Situated on a total of 23.5 acres, and visible from Routes 1 & 9.  Recent building renovations include a high speed passenger and freight elevators, redesigned common areas, new windows and HVAC and mechanical systems.  On-site security provided during evening hours.

Available Space/Rental Rates
1st Floor Retail

Unit4: 4,941 SF  (divisible to 2,471 SF)
Delivery 60 days from lease execution
Rent - $18.00 psf NNN
(2019 NNN est. $4.25 psf)

1st Floor Office - 8,430 SF (divisible to 1000 SF)
New HVAC , Bathrooms & Elevators, Delivery 60 days from lease execution
Rent - $13.00 psf
(includes projected 2019 base year taxes & CAM)
Gross Rent - $1083 per month per 1,000 SF

2nd Floor Office - 16,400 SF (divisible to 792 SF)
 Immediate occupancy
Rent - $16.00 psf
(includes projected 2019 base year taxes & CAM)
Gross Rent - $1,333 per month per 1,000 SF

3rd Floor Office - 33,400 SF (divisible to 2,000 SF)
 Immediate
Rent - $12.00 psf
(includes projected 2019 base year taxes & CAM)
Gross Rent - $2,000 per month per 2,000 SF

 
Parking
Two-level concrete and steel framed parking deck with a 310 car capacity, plus 48 car parking for retail stores on the ground floor. 

Comments
Designed by Newark as part of its Redevelopment and Regeneration efforts including 3% Sales Tax within Urban Enterprise Zone;
Continental Hardware & Trading Co. has opened a 50,000 SF showroom along with a 134,000 SF warehouse/outside storage.  Other tenants include cafe/restaurant, medical offices (MRI and pain management) and transportation companies;
Within 1/2 mile of I-78, Route 22, The NJ Turnpike and 2 1/2 miles East of the Garden State Parkway, accessible from the Ferry Street business district via Wilson Avenue and Stockton Street, and minutes from Newark Liberty International Airport and Port Newark/Elizabeth. 

 

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If you would like to speak to a member of the Silbert Realty & Management team in regard to this opportunity,
please contact us, at 908.604.6900 for additional information.