Updated Oct 29, 2024
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.
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