Updated Oct 29, 2024
LBA Acquires Development Site In Moonachie For $11M
100 Anderson Avenue, Moonachie, NJ, USA
$11,000,000
$183/SF
Building Size
60,000 SF
Asset Type
Development Site
Closing
Jan 4, 2021
About this deal
AI
Located in Moonachie, this development site at 100 Anderson was recently sold in a closed transaction. The property spans 60,000 square feet, offering ample space for potential development. The sale, facilitated by Jordan Avanzato, Jose Cruz, and Marc Duval from JLL, involved the buyer LBA and the seller Terminal Construction. The transaction took place on 01/05/2021.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $11,000,000
- Address: 100 Anderson
- Market: Moonachie
Jordan Avanzato, Jose Cruz, and Marc Duval from JLL represented the buyer and seller in this deal, bringing their expertise to facilitate a successful transaction. The sale price for the property was $11,000,000, resulting in a price per square foot of $183. This transaction highlights the collaborative efforts of the involved parties in the real estate market.
Players
Moonachie Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93