Updated Dec 3, 2024
Terreno Realty Corp Acquires Industrial Property In Carlstadt For $17.9M
245 Paterson Plank Road
$17,900,000
$688/SF
Building Size
26,010 SF
Asset Type
Industrial
Closing
Aug 31, 2021
About this deal
AI
An industrial property located at 245 Paterson Plank Road in Carlstadt has been sold for a price of $17,900,000. The property spans over 5 acres, with a per acre price of $3,580,000. The transaction took place on August 31, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $17,900,000
- Address: 245 Paterson Plank Road, Carlstadt
- Market: Carlstadt
The buyer of the property is Terreno Realty Corp. The sale was facilitated by brokers Scott Perkins and Chris Todd from NAI James E. Hanson.
On the Map
$17,900,000
$688/SF
Industrial
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Carlstadt 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
0.89%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93