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15,000-Square-Foot Warehouse In Wood Ridge Sold For $3.7M
SOLD
$3,700,000
New Jersey
See Similar DealsIndustrial15,000 SF
Sold 10/24/2023
SOLD
15,000-Square-Foot Warehouse In Wood Ridge Sold For $3.7M
7a Donna Drive
See Similar DealsIndustrial15,000 SF
Sold 10/24/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$246
Total Square Footage:15,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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