Updated Oct 16, 2026
Blake Baird Of Terreno Realty Corporation Sells Industrial Building In East Rutherford For $25M
180 Manor Road
$25,000,000
$290/SF
Building Size
86,000 SF
Asset Type
Industrial
Closing
Oct 14, 2026
About this deal
AI
The property involved in the transaction is an industrial distribution building located at 180 Manor Road, East Rutherford, NJ. The seller, Terreno Realty Corporation, completed the sale of the vacant building consisting of 86,000 square feet on 4.3 acres for a price of approximately $25 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $25,000,000
- Size: 86,000 SF
- Price per Square Foot: $291
- Seller: Blake Baird - Terreno Realty Corporation
- Acquisition Price: $9,300,000
- Acquisition Date: October 2015
- Unleveraged Internal Rate of Return: 11%
Blake Baird represented Terreno Realty Corporation in this transaction, marking a significant divestment from their portfolio. The transaction was finalized on October 14, 2026, indicating a strategic move within the industrial real estate market in New Jersey.
On the Map
$25,000,000
$290/SF
Industrial
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East Rutherford 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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93