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.
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