Updated Nov 3, 2026
Greg Pearson Chenying Zhao And Trent Cameron Of Outpost Acquire Industrial Properties For $68.5M
76 Central Avenue & 2120 Mccarter Highway
$68,500,000
Building Size
—
Asset Type
Industrial
Closing
Oct 30, 2026
About this deal
AI
The asset involved in the transaction is an industrial property located at 76 Central Avenue and 2120 McCarter Highway in Kearny and Newark. The sale was concluded for a price of $68,500,000, highlighting its value in the industrial market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $68,500,000
- Buyer: Greg Pearson, Chenying Zhao & Trent Cameron - Outpost
- Brokers: Jordan Avanzato, Christopher Todd & William Ericksen - NAI James E. Hanson
Key individuals involved in the transaction include the buyers, Greg Pearson, Chenying Zhao, and Trent Cameron, who are associated with Outpost. The brokerage team representing the transaction consists of Jordan Avanzato, Christopher Todd, and William Ericksen from NAI James E. Hanson, facilitating the process between the buyer and seller.
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