Updated Nov 4, 2026
Chenying Zhao Acquires Industrial Properties In Kearny And Newark For $68.5M With JLL Representation
76 Central Avenue & 2120 Mccarter Highway
$68,500,000
Building Size
—
Asset Type
Industrial
Closing
Oct 29, 2026
About this deal
AI
The transaction involved an industrial asset located at 76 Central Avenue & 2120 Mccarter Highway in the Kearny & Newark market. The sale price of the property was $68,500,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $68,500,000
- Buyer: Chenying Zhao - Outpost
- Buyer’s Representatives: Jason Lundy, Dean Brody & Nick Stefans - JLL
- Seller's Representatives: Jordan Avanzato, Christopher Todd & William Ericksen - NAI James E. Hanson
This transaction was supported by the collaborative efforts of the buyer's representatives from JLL and the seller's representatives from NAI James E. Hanson, highlighting the professional expertise involved in successfully closing the deal.
On the Map
$68,500,000
Industrial
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Players
Kearny 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
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93