NAI James E. Hanson (“NAI”), a licensed real estate brokerage firm, has been exclusively retained to market 500 Corporate Dr (the “Property”) for sale. 500 Corporate Drive is a 38,500 SF two-story flex industrial facility situated on a 5.7-acre parcel in Mahwah, NJ, within Bergen County's Northwest Bergen industrial corridor. The building features a functional mix of 15,500 SF of warehouse, 10,500 SF of flex/assembly, and 12,500 SF of office space, with 16′ clear warehouse height, three docks (one dock-high ramp), 65 surface parking stalls (expandable), and an in-place rooftop solar installation generating supplemental SREC income. Originally constructed in 1977 and renovated in 2007, the asset is being delivered vacant, providing a clean basis for an owner-user, value-add lease-up, or repositioning.

A central value driver is a pending amendment to the Township of Mahwah's IP120 zoning ordinance that would establish industrial outdoor storage (IOS) as a permitted use. Upon adoption, the site is positioned to accommodate approximately 2.3 usable acres of IOS, as well as a contemplated 10,000 SF maintenance building. This entitlement pathway introduces a differentiated income layer in a submarket where IOS-capable supply is significantly constrained.

The property is strategically located 1.5 miles from the I-287 / Route 17 interchange with direct connectivity to I-87 (NY State Thruway), positioning it within a tri-state distribution radius and minutes from the NY/NJ border. The immediate area is anchored by major logistics and corporate users, including Amazon, UPS, FedEx, Stryker, and an adjacent data center. The Northwest Bergen submarket is characterized by severe land constraints and limited new competitive supply.