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23 Fairfield Place

Bluebell Relocation Service Leases 7,220 SF Office At 23 Fairfield Place In West Caldwell
LEASEDOffice

Bluebell Relocation Service Leases 7,220 SF Office At 23 Fairfield Place In West Caldwell

23 Fairfield Place

Building Size

7,220 SF

Asset Type

Office

Closing

Jan 4, 2024

AI

Moving company Bluebell Relocation Service has leased a 7,000-sq.-ft. office and warehouse space located at 23 Fairfield Place in West Caldwell. The property is strategically positioned for convenient access to Interstate 80, Route 46, and other major roadways. With its central location, Bluebell Relocation Service can efficiently serve both commercial and residential moving needs, benefiting from its proximity to New York City, Hudson Valley, and Pennsylvania.

Summary of Transaction Details

  • Property Type: Office
  • Transaction Amount: Not provided
  • Square Footage: 7,000 sq. ft.
  • Address: 23 Fairfield Place, West Caldwell
  • Market: West Caldwell

The tenant for the leased space is Ricardo Ribeiro, representing Bluebell Relocation Service. The deal was facilitated by Eric Weston from Sheldon Gross Realty, who acted as the broker in the transaction.

Players

Eric Weston

Sheldon Gross Realty

Broker

$13.1M

vol

8 deals

Broker

West Caldwell Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93