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10 Willow Street

Commerce Park Investors And Legacy Real Estate Developers Acquire Industrial Asset In Moonachie For $4.89M
SOLDIndustrial

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:

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

Maurice Assia

Broker

$1.4M

vol

2 deals

Broker

Commerce Park Investors

Commerce Park Investors

Buyer

$4.9M

vol

1 deal

Buyer

Allyson Purcell

Allyson Purcell

Seller

$4.9M

vol

1 deal

Seller

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