Updated Oct 28, 2024
Terreno Realty Corporation Acquires 9.7 Acre Industrial Property In Newark For $17.3M
87 Doremus Avenue, Newark, New Jersey 07105, United States
$17,300,000
Building Size
—
Asset Type
Industrial
Closing
Apr 17, 2022
About this deal
AI
The industrial property located at 87 Doremus Avenue in Newark has been sold. The property spans approximately 9.7 acres and is situated in a prime location in the Newark market.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $17,300,000 (Approx.)
- Transaction Date: 04/18/2022
- Market: Newark
- Address: 87 Doremus Avenue
The buyer of the property is Terreno Realty Corporation, represented by Blake Baird. The sale price for this transaction was approximately $17,300,000.
The industrial sale at 87 Doremus Avenue, Newark, New Jersey 07105, United States in Newark, New Jersey sold for $17.3M in 2022. 87 Doremus Avenue, Newark, New Jersey 07105, United States is classified as Industrial on Traded. Named participants on the 87 Doremus Avenue, Newark, New Jersey 07105, United States sale are Blake Baird. This page is the Newark, New Jersey file for the 87 Doremus Avenue, Newark, New Jersey 07105, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Newark sit in the Market section below. Filter that Newark industrial set by closing date to see what else sold near 87 Doremus Avenue, Newark, New Jersey 07105, United States around 2022. Published consideration for 87 Doremus Avenue, Newark, New Jersey 07105, United States is $17.3M, dated 2022. Cite this Terreno Realty Corporation Acquires 9.7 Acre Industrial Property In Newark For $17.3M sale when underwriting similar industrial product around Newark, New Jersey.
Newark 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
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93