Terreno Realty Corp Acquires Industrial Property In Carlstadt For $17.9M
SOLD
$17,900,000
New Jersey
See Similar DealsIndustrial26,010 SF
Sold 08/31/2021
SOLD
Terreno Realty Corp Acquires Industrial Property In Carlstadt For $17.9M
245 Paterson Plank Road
See Similar DealsIndustrial26,010 SF
Sold 08/31/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$688
Total Square Footage:26,010 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$954,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$63,594.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$84,855.13
Annual Debt Service$1,018,261.59
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