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41 Woodbine Street

Warren Godridge Sells Industrial Property At 41 Woodbine Street Bergenfield For $2.7M
SOLDIndustrial

Warren Godridge Sells Industrial Property At 41 Woodbine Street Bergenfield For $2.7M

41 Woodbine Street

$2,700,000

$225/SF

Building Size

12,000 SF

Asset Type

Industrial

Closing

Sep 12, 2024

AI

The property asset involved in the transaction is an industrial space located at 41 Woodbine Street in Bergenfield. The sale price for the property was $2,700,000, covering a total area of 12,000 square feet, resulting in a price per square foot of $225.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $2,700,000
  • Address: 41 Woodbine Street
  • Market: Bergenfield
  • Square Footage: 12,000
  • Price per Square Foot: $225
  • Seller: Warren Godridge
  • Broker: Dominic Fittizzi - NAI James E. Hanson
  • Note: New owner will be manufacturing Google signs and trade show materials

The deal involved Warren Godridge as the seller, with representation provided by Dominic Fittizzi from NAI James E. Hanson. The new owner plans to utilize the property for manufacturing purposes related to Google signs and trade show materials.

Players

Dominic Fittizzi

NAI James E. Hanson

Broker

$6.9M

vol

6 deals

Broker

Bergenfield 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

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93