Updated Oct 5, 2026
PanRaj Holding LLC Acquires Industrial Property In Union City New Jersey For $6 Million
609 10th Street
$6,000,000
$141/SF
Building Size
42,451 SF
Asset Type
Industrial
Closing
Oct 1, 2026
About this deal
AI
The property asset involved in the transaction is a vacant industrial and cold storage facility located at 609 10th Street in Union City, New Jersey. The asset encompasses an area of 42,451 square feet on a 0.81-acre lot and was sold for $6,000,000, which translates to a price per square foot of $141.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,000,000
- Square Footage: 42,451 SF
- Address: 609 10th Street
- Market: Union City, NJ
- Seller: 10th St Realty LLC
- Buyer: PanRaj Holding LLC
- Brokers: Andrew Schwartz, Jordan Sobel, Andre Balthazard & Dan Bottiglieri - Cushman & Wakefield
Cushman & Wakefield facilitated the transaction, representing both PanRaj Holding LLC, the buyer, and 10th St Realty LLC, the seller, in the sale of this commercial property.
On the Map
$6,000,000
$141/SF
Industrial
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Players
Saint Maries 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93