Updated Oct 29, 2024
Terreno Realty Corporation Acquires Industrial Property On Henry Street In Elizabeth For $15.4M
629 Henry Street, Elizabeth, New Jersey 07201, United States
$15,400,000
$669,565/SF
Building Size
23 SF
Asset Type
Industrial
Closing
Nov 29, 2022
About this deal
AI
The industrial property located at 629 Henry Street in Elizabeth has been sold for a price of $15,400,000. The property spans an area of 1.8 acres and encompasses 23,000 square feet of space. The sale price equates to approximately $670 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,400,000
- Address: 629 Henry Street, Elizabeth
- Market: Elizabeth
- Acres: 1.8
- Square Feet: 23,000
- Price Per Square Foot: $670
The buyer for this transaction was Terreno Realty Corporation, represented by Blake Baird. Blake Baird acted as the buyer's representative in the deal.
Elizabeth 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
1.03%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93