Updated Nov 4, 2026
Blake Baird Of Terreno Realty Corporation Acquires Industrial Building In Carlstadt For $5.4M
135 Grand Street
$5,400,000
$300/SF
Building Size
18,000 SF
Asset Type
Industrial
Closing
Nov 2, 2026
About this deal
AI
Terreno Realty Corporation acquired a fully leased industrial distribution building located at 135 Grand Street in Carlstadt, New Jersey. The transaction took place on November 2, 2026, for a total sale price of $5,400,000. The property spans an area of 2.5 acres and features an 18,000-square-foot structure, four grade-level loading positions, and 16 parking spaces. The estimated stabilized cap rate for this asset is 5.5%.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,400,000
- Address: 135 Grand Street
- Market: Carlstadt, NJ
- Square Footage: 18,000 SF
- Price Per Square Foot: $300
- Acreage: 2.5 acres
- Buyer: Blake Baird - Terreno Realty Corporation
The transaction was represented by Blake Baird, who is associated with Terreno Realty Corporation, emphasizing the involvement of key individuals in facilitating this acquisition.
On the Map
$5,400,000
$300/SF
Industrial
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Grant 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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93