323 Bergen Boulevard is a 29,822 square foot flex industrial property located in Fairview, NJ. The current tenant is paying below market rent and his lease expires at the end of February 2023 with no options. The light industrial/flex leasing market in northern New Jersey has experienced explosive growth and our plan is to market the property for lease and exit upon stabilization.

Purchase Price: $5,894,500 (Feb 2022)
Equity Cost: $3,655,750
Initial Annual Yield: 4%