Updated Sep 29, 2026
Blake Baird Of Terreno Realty Corporation Sells Industrial Building In Fairfield For $8.8M
17 Madison Road
$8,800,000
$283/SF
Building Size
31,000 SF
Asset Type
Industrial
Closing
Sep 25, 2026
About this deal
AI
The property asset involved in this transaction is a vacant industrial distribution building located at 17 Madison Road in Fairfield, NJ. The building encompasses a total of 31,000 square feet and is situated on 2.2 acres, with a sale price of $8,800,000, translating to a price per square foot of $284.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,800,000
- Address: 17 Madison Road
- Market: Fairfield, NJ
- Asset Size: 31,000 SF
- Price per Square Foot: $284
- Seller: Blake Baird - Terreno Realty Corporation
Blake Baird, representing Terreno Realty Corporation, facilitated the sale of the property which was previously acquired for $2.8 million in 2013, achieving an 11.9% unleveraged internal rate of return on the investment. The transaction was completed on September 25, 2026.
On the Map
$8,800,000
$283/SF
Industrial
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Fairfield 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93