Kathleen Crockett Of Penske Corp Acquires Industrial Property In North Bergen For $8.3M
2901 Tonnelle Avenue & 2901 Dell Avenue
$8,300,000
$638/SF
Building Size
13,000 SF
Asset Type
Industrial
Closing
Nov 18, 2025
AI
This industrial asset, located at 2901 Tonnelle Avenue & 2901 Dell Avenue in the North Bergen market, was sold by Lazer Katz to Kathleen Crockett representing Penske Corp for a transaction amount of $8,300,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,300,000
- Buyer: Kathleen Crockett - Penske Corp
- Seller: Lazer Katz
- Broker: Joel Cukier - NorthMarq
- Sale Date: 11/18/2025
Joel Cukier of NorthMarq represented the seller, Lazer Katz, in this transaction, facilitating the deal between the parties involved to complete the sale of the property.
Players
North Bergen 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93