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:
- Property Type: Warehouse
- Transaction Amount: $9,100,000
- Address: 178 Commerce Road
- Market: Carlstadt
- Square Footage: 30,300
- Price per Square Foot: $300
- Buyer: Gran Trade Inc.
- Seller: Brian McDonagh - Venture One
- Seller's Representative: Christopher Todd, Jordan Avanzato & William Ericksen - NAI James E. Hanson
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
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