Commerce Park Investors And Legacy Real Estate Developers Acquire Industrial Asset In Moonachie For $4.89M
10 Willow Street & 1 Barnett Avenue
$4,890,000
$256/SF
Building Size
19,100 SF
Asset Type
Industrial
Closing
Jul 2, 2026
AI
The property asset involved in the transaction is located at 10 Willow Street & 1 Barnett Avenue in Moonachie. This industrial property was sold for a price of $4,890,000. The total square footage of the asset is 29,626, resulting in a price per square foot of $165.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,890,000
- Buyer: Commerce Park Investors & Legacy Real Estate Developers
- Seller: Allyson Purcell, Jennifer Herrington & Lauren Walker
- Broker: Maurice Assia
Key individuals involved in the deal include the buyers, Commerce Park Investors and Legacy Real Estate Developers, who are engaging in this acquisition. The sellers are a group consisting of Allyson Purcell, Jennifer Herrington, and Lauren Walker. The broker representing this transaction is Maurice Assia.
Players
Moonachie Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93