Realterm is under contract to acquire 1500 Bassett Avenue, Bronx, NY, a final mile distribution facility, ideally located in the New York City borough of the Bronx. This best in class property features a secure 17 acre campus, which includes a 366,375 SF building (inclusive of 24,835 SF of office space) with clear heights ranging from 26’ to 36’ across 4 sections. In addition, it is served by 59 exterior dock-high positions and 2 drive-in doors conveniently located throughout the facility, has 14,000 amps of electrical power, and offers 3 acres of off-street parking for trailer storage & employee vehicles. The facility is situated minutes from over 1.4 million residents, allowing it to draw from a strong employment base, while also servicing the densest consumer population in the country.
“This final mile distribution facility is perfectly positioned just minutes from I-95 and has direct access to all of the commercial routes, which serve Manhattan, the outer-boroughs of New York City, as well as, Long Island, Westchester, Connecticut, and all points north,” said Derek Fish, Vice President of Acquisitions. “The facility’s large single-story footprint, combined with its exceptional loading and off-street, secure parking make it an extremely rare industrial asset within the City of New York.”
Realterm Logistics is a vertically integrated owner and manager of HFT facilities serving the transportation industry. Realterm Logistics' core competencies include proprietary expertise in investment management, property management, construction, design & development, accounting & reporting. Realterm Logistics currently manages over $1 billion in assets in the United States.