An owner-user has acquired 609 10th St., a vacant industrial and cold storage facility in Union City, NJ, in a $6 million transaction arranged by Cushman & Wakefield. The brokerage team of Andrew Schwartz, Jordan Sobel, André Balthazard and Dan Bottiglieri represented both the seller, 10th St Realty, LLC, and the buyer, PanRaj Holding, LLC, in the sale.
The property offered the purchaser a chance to secure a standalone industrial asset in what the brokerage team described as an exceptionally supply-constrained location just minutes from Midtown Manhattan. According to Cushman & Wakefield, the combination of vacancy, location and existing build-out made the asset particularly attractive for an owner-user buyer seeking immediate functionality.
Situated on a 0.81-acre site, 609 10th St. contains 33,515 square feet of industrial space on the ground floor. Additional space on the second floor and in the basement brings the total usable area to 42,451 square feet, providing the buyer with a sizable footprint for a range of industrial operations.
The facility is built out with cold storage, manufacturing and dry storage areas, as well as office space, supporting multiple use cases within a single building. Interior loading docks and multiple drive-in doors enhance on-site logistics capabilities and support efficient truck access and circulation.
Cushman & Wakefield noted that the property’s layout and infrastructure, combined with its connectivity to the broader New York Metro region, aligned well with the buyer’s operational needs. The sale underscores ongoing interest in well-located industrial and cold storage assets near major urban demand centers.
