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178 Commerce Road

Gran Trade Inc. Acquires Warehouse In Carlstadt For $9.1 Million From Brian McDonagh
SOLDWarehouse

Gran Trade Inc. Acquires Warehouse In Carlstadt For $9.1 Million From Brian McDonagh

178 Commerce Road

$9,100,000

$300/SF

Building Size

30,300 SF

Asset Type

Warehouse

Closing

Jul 15, 2026

AI

The property asset involved in this transaction is a warehouse located at 178 Commerce Road in the market of Carlstadt. The sale price for the property was $9,100,000, and it encompasses a total area of 30,300 square feet. The price per square foot is calculated at $300.

Summary of transaction details:

The key individuals involved in this transaction include Gran Trade Inc. as the buyer and Brian McDonagh from Venture One as the seller. The seller's representatives are Christopher Todd, Jordan Avanzato, and William Ericksen, who are affiliated with NAI James E. Hanson, facilitating the deal on behalf of the seller.

Players

Jordan Avanzato

NAI James E. Hanson

Broker

$2.5B

vol

53 deals

Broker
GI
Gran Trade Inc.Buyer

Brian McDonagh

Venture One

Seller

$45M

vol

4 deals

Seller

Carlstadt Warehouse Market Snapshot

Boundary boundary · Warehouse · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.74%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93