SOLD
Terreno Realty Corporation Sells West Caldwell Industrial Property For $17.8M
1 Dodge Drive
Industrial
93,000 SF
93,000 SF
Sold 140 days ago
Summary
Sale
NEW JERSEY
Industrial
93,000 sqft
Terreno Realty Corporation has sold an industrial property in West Caldwell, NJ. The property is located at 1 Dodge Drive and covers an area of 8.9 acres. It encompasses a 93,000-square-foot building.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $17,800,000
- Market: West Caldwell
- Seller: Terreno Realty Corporation - Blake Baird
The property was sold for a total of $17.8 million. This resulted in an 11.2% unleveraged internal rate of return for Terreno Realty Corporation. The property was originally acquired by Terreno in 2013 for $6.8 million. At the time of the sale, it was fully leased to two tenants.
Details
SOLD
IMAGE: Blake Baird
DATE: 12/20/2023
ADDRESS: 1 Dodge Drive
MARKET: West Caldwell
ASSET TYPE: Industrial ~ ACRES: 8.9
SELLER: Terreno Realty Corporation - Blake Baird
SALE PRICE: $17,800,000
SF: 93,000 ~ PPSF: $191
NOTE: Terreno Realty Corporation has sold a 93,000-square-foot industrial property in West Caldwell, NJ, for $17.8 million, generating an 11.2% unleveraged internal rate of return. The property, acquired by Terreno in 2013 for $6.8 million, was fully leased to two tenants.View on map
Loading...
Address1 Dodge Drive
Comparables
Reset filters to show results.