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Dora's Naturals Acquires Industrial Property In Moonachie From Beauty Plus For $31M

Property Image
SOLD
$31,000,000
Chad Hillyer
Kevin Dudley
+ 3

New Jersey

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Industrial105,000 SF
Sold 07/10/2024
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Property Image
SOLD

Dora's Naturals Acquires Industrial Property In Moonachie From Beauty Plus For $31M

210 West Commercial Avenue

See Similar Deals
Industrial105,000 SF
Sold 07/10/2024
Chad Hillyer
Kevin Dudley
+ 3
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$295
Total Square Footage:105,000 SF
Transaction Type:Sale

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:

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

Brian Fiumara
23 deals$1.6B volume(610) 580-8672
BROKER

Elli Klapper
CBRE
30 deals$439.5M volume(213) 613-3704
BROKER

Kevin Dudley
CBRE
22 deals$174.8M volume
BROKER

Nicholas (Nick) Klacik
CBRE
15 deals$96.3M volume
BROKER

Chad Hillyer
CBRE
15 deals$96.3M volume
BROKER

Kate Granahan
CBRE
15 deals$117M volume(484) 695-7214
BROKER

Details

SOLD
IMAGE: Cyrus Schwartz, Kevin Dudley, Chad Hillyer, Nicholas Klacik, Elli Klapper, Kate Granahan & Brian Fiumara DATE: 07/10/2024 ADDRESS: 210 West Commercial Avenue MARKET: Moonachie ASSET TYPE: Industrial ~ ACRES: 6 BUYER: Cyrus Schwartz - Dora's Naturals SELLER: Beauty Plus BROKER: Kevin Dudley, Chad Hillyer (@Chad_Hillyer) , Nicholas Klacik, Elli Klapper, Kate Granahan (@Kate_Granny) & Brian Fiumara - CBRE (@CBRE) SALE PRICE: $31,000,000 SF: 105,000 ~ PPSF: $295 NOTE: Dora's Naturals bought a 105,000-square-foot industrial property in Moonachie, N.J., for $31 million from Beauty Plus. The building, brokered by CBRE, is strategically located near Route 17 with access to interstates 80 and 95.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,653,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$110,136.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$146,955.82
Annual Debt Service$1,763,469.79