Updated Oct 28, 2024
Blake Baird's Terreno Realty Corporation Sells 38 Acres Of Industrial Property In Bound Brook For $110.4M
Bound Brook, New Jersey, United States
$110,400,000
$190/SF
Building Size
581,000 SF
Asset Type
Industrial
Closing
May 1, 2022
About this deal
AI
The industrial property located in Bound Brook has been sold in a closed transaction. The property spans across approximately 38 acres and has a total square footage of 581,000. The sale was facilitated by Terreno Realty Corporation, represented by Blake Baird. The sale price for the property was approximately $110,400,000, resulting in a price per square foot of $190.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $110,400,000 (Approx.)
- Square Footage: 581,000
- Market: Bound Brook
- Seller: Terreno Realty Corporation - Blake Baird
The successful transaction was completed with the involvement of Terreno Realty Corporation, represented by Blake Baird. The deal showcases the company's strong presence and expertise in the industrial property market. This sale further reinforces Blake Baird's reputation as a prominent representative in the industry, providing exceptional service to their clients.
Bound Brook 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
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93