Updated Oct 29, 2024
Terreno Realty Corporation Acquires 1.3 Acre Industrial Property In Washington, DC For $13.4M
2266 25th Place Northeast Washington, District Of Columbia 20018, Usa
$13,400,000
$406/SF
Building Size
33,000 SF
Asset Type
Industrial
Closing
May 23, 2023
About this deal
AI
The industrial property located at 2266 25th Place Northeast in Washington, DC has been sold. The property spans across 1.3 acres and features a total area of 33,000 square feet. The transaction took place on 05/23/2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,400,000
- Price per Square Foot: $406
- Buyer: Terreno Realty Corporation
- Market: Washington, DC
Terreno Realty Corporation acted as the buyer in this transaction. The sale price for the property was $13,400,000, resulting in a price per square foot of $406.
Players
Washington 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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93