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.
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