Dora's Naturals Acquires Industrial Property In Moonachie From Beauty Plus For $31M
210 West Commercial Avenue
$31,000,000
$295/SF
Building Size
105,000 SF
Asset Type
Industrial
Closing
Jul 10, 2024
AI
A 105,000-square-foot industrial property located at 210 West Commercial Avenue in Moonachie, N.J., was sold for $31 million. The asset, acquired by Dora's Naturals from Beauty Plus, is strategically positioned near Route 17 with accessibility to interstates 80 and 95.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $31,000,000
- Buyer: Cyrus Schwartz - Dora's Naturals
- Seller: Beauty Plus
- Broker: Kevin Dudley, Chad Hillyer, Nicholas Klacik, Elli Klapper, Kate Granahan & Brian Fiumara - CBRE
- Address: 210 West Commercial Avenue
- Market: Moonachie
- Acres: 6
The deal's key individuals and companies involved in the transaction include the buyer, Cyrus Schwartz from Dora's Naturals, the seller, Beauty Plus, and the brokers representing the deal, Kevin Dudley, Chad Hillyer, Nicholas Klacik, Elli Klapper, Kate Granahan, and Brian Fiumara from CBRE.
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
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93