EverWest Real Estate Investors Acquires Industrial Property In Woodbridge, NJ For $22.5M
85 New Brunswick Avenue, Woodbridge, NJ, USA
$22,500,000
$221/SF
Building Size
101,425 SF
Asset Type
Industrial
Closing
Jul 27, 2020
AI
The industrial property located at 85 New Brunswick Avenue in Woodbridge, NJ has been sold for a total price of $22,500,000. The property spans across 101,425 square feet, resulting in a price per square foot of $222. The transaction took place on July 27, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $22,500,000
- Date: 07/27/2021
- Address: 85 New Brunswick Avenue
- Market: Woodbridge, NJ
EverWest Real Estate Investors, represented by Steve Feinberg, purchased the property from Woodmont Industrial Partners, represented by Anthony Amadeo. The deal was facilitated by brokers Mindy Lissner, Robert Pine, and David Gheriani of CBRE.
Players
Perth Amboy 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93