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85 New Brunswick Avenue, Wo...

EverWest Real Estate Investors Acquires Industrial Property In Woodbridge, NJ For $22.5M
SOLDIndustrial

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

Mindy Lissner

Cushman & Wakefield

Broker

$111.2M

vol

14 deals

Broker
Stephen Feinberg

Stephen Feinberg

EverWest Real Estate Investors

Buyer

$255.7M

vol

6 deals

Buyer

Anthony Amadeo

Woodmont Industrial Partners

Seller

$43.5M

vol

2 deals

Seller

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