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175 Anderson Ave, Moonachie...

Updated Oct 29, 2024

175 Anderson LLC Leases 25526 Square Feet At 175 Anderson Ave Moonachie NJ With Jeff DeMagistris
LEASEDIndustrial

175 Anderson LLC Leases 25526 Square Feet At 175 Anderson Ave Moonachie NJ With Jeff DeMagistris

175 Anderson Ave, Moonachie, NJ, 07...

Building Size

25,526 SF

Asset Type

Industrial

Closing

Nov 20, 2023

About this deal

AI

The property is located at 175 Anderson Ave, Moonachie, NJ, and spans 25,526 square feet. It is situated on a one-acre lot and features 18-foot ceilings and five loading docks. The landlord for this property is 175 Anderson LLC, and the lease has been completed for the entire building to be occupied by Cactus Clothing Co. This facility will serve as a warehouse and distribution center for the company after relocating from Carlstadt.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 175 Anderson Ave, Moonachie, NJ
  • Market: Moonachie
  • Landlord's Representative: Jeffrey "Jeff" DeMagistris - NAI Capital
  • Landlord: 175 Anderson LLC
  • Tenant: Cactus Clothing Co.
  • Square Feet: 25,526
  • Size of Dedicated Office Space: 2,500 square feet

Broker representatives involved in the transaction include Jeff DeMagistris and Tom Vetter from NAI James E. Hanson, who represented the landlord. The team has also brokered the recent sale of the property to its current owner, highlighting their expertise in industrial assets and local market knowledge.

Players

Jeffrey DeMagistris

NAI James E. Hanson

Broker

$6M

vol

3 deals

Broker

Moonachie Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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