Tesla EV Distribution Hub Clifton, NJ

As exclusive agent, Cushman & Wakefield’s National Industrial Advisory Group is pleased to offer a 100% fee interest in Tesla EV Distribution Hub (90 Kingsland Ave, Clifton) for sale. This +/-7.10 acre site includes a 9,667 SF renovated maintenance facility and is fully paved, secured, and lit. The property is strategically located in the meadowlands at the interchange of Route 3 and Route 21, offering Tesla access to the NYC/NNJ MSA, the largest consumer market in North America.

Tesla EV Distribution Hub represents one of very few Northern NJ low-coverage sites with an investment grade occupier, over five years of term, and momentary NYC access. As U.S. supply chains continue to evolve and shift from west to east, auto industry occupiers in Northern NJ have become increasingly focused on securing fleet parking & charging within range of their target consumer bases. Given the extreme land constraints and restrictive zoning, comparable low coverage sites have recently achieved rents of +$32,500 per acre per month with 3.5% annual steps.

Tesla’s current rent of $25,750 per acre/month is +/-26% below market, offering investors embedded upside with a captive and established occupier in one of the most sought after and land constrained IOS markets nationally.

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