15,000-Square-Foot Warehouse In Wood Ridge Sold For $3.7M

A 15,000-square-foot warehouse located at 7A Donna Drive in Wood Ridge, New Jersey, has been sold for $3.7 million. The property, an industrial asset, was able to attract multiple bidders despite market challenges, highlighting the appeal of well-positioned industrial properties in Northern New Jersey.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $3,700,000
• Address: 7A Donna Drive, Wood Ridge, New Jersey
• Market: Wood Ridge, Northern New Jersey
• Square Footage: 15,000 SF
• Price per Square Foot: $247

The sale of the warehouse was facilitated by brokers Alan Cafiero and Mark Gjonbalaj from Marcus & Millichap. Their efforts resulted in a successful transaction, demonstrating their expertise in the industrial real estate market.