Our Investments
Investments Selected with Precision to perform with power
Moonachie Industrial Portfolio
135, 137-141 & 170 West Commercial Avenue
Carlstadt, NJ
Carlstadt, NJ
Type: Industrial
Size: 190,000
Built:
Investment Date: 11/23/2021
Strategy: Value Add
135, 137-141, & 170 West Commercial Avenue (the “Portfolio”) are three Class-B adjacent buildings + one acre of parking encompassed on nearly nine acres, totaling ~190k sf in the heart of the Meadowlands. The Portfolio, fully leased to three tenants with an average weighted lease term of ~5 years, offers core-plus stability and value-add upside in MTM of the rent roll. The Portfolio, situated in the Meadowlands, is located 10 minutes from the Lincoln/Holland Tunnel/GW Bridge, 13 miles to Port Newark, and has seen rents increase over 60% in the last five years with limited supply in the pipeline.