EverWest Real Estate Investors Acquires Industrial Property In Woodbridge, NJ For $22.5M
SOLD
$22,500,000
+ 2
New Jersey
See Similar DealsIndustrial101,425 SF
Sold 07/27/2020
SOLD
EverWest Real Estate Investors Acquires Industrial Property In Woodbridge, NJ For $22.5M
85 New Brunswick Avenue, Woodbridge, NJ, USA
See Similar DealsIndustrial101,425 SF
Sold 07/27/2020
+ 2
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$221
Total Square Footage:101,425 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,200,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,937.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,661.48
Annual Debt Service$1,279,937.75
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