Updated Oct 28, 2024
Terreno Realty Corporation Acquires Industrial Property In Kearny, NJ For $26.25M
97 3rd Street, Kearny, NJ 07032, USA
$26,250,000
$2,214/SF
Building Size
11,852 SF
Asset Type
Industrial
Closing
Sep 27, 2021
About this deal
AI
The industrial property located at 97 3rd Street in Kearny, NJ has been sold in a recent transaction. The property spans across approximately 5.4 acres.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $26,250,000
- Market: Kearny, NJ
- Buyer: Terreno Realty Corporation
- Seller: DH Realty dba Network Transportation Specialists
The buyer in this transaction is Terreno Realty Corporation, while DH Realty dba Network Transportation Specialists acted as the seller. The deal was facilitated by brokers Patrick Lennon, Kenneth Lundberg, and Lorenzo Lambiase from NAI James E. Hanson.
On the Map
$26,250,000
$2,214/SF
Industrial
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Players
Kearny 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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93