Updated Oct 28, 2026
Blake Baird Of Terreno Realty Corporation Acquires Industrial Building From Carol Tome For $13.9M
43-22 55th Avenue
$13,900,000
$480/SF
Building Size
28,940 SF
Asset Type
Industrial
Closing
Oct 20, 2026
About this deal
AI
Terreno Realty Corporation purchased an industrial asset located at 43-22 55th Avenue, Maspeth, Queens. The property encompasses 28,940 square feet and was sold for $13,900,000. The price per square foot is $480, while the building size factor is 120,000, leading to a price per building size factor of $116.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $13,900,000
- Buyer: Blake Baird - Terreno Realty Corporation
- Seller: Carol Tome - United Parcel Service Inc.
- Sale Price: $13,900,000
- Square Footage: 28,940
- Price per Square Foot: $480
- Building Size Factor: 120,000
- Price per Building Size Factor: $116
- Date of Sale: 10/20/2026
The transaction involved Blake Baird representing Terreno Realty Corporation as the buyer, while Carol Tome represented United Parcel Service Inc. as the seller. This deal highlights the involvement of key individuals in a significant property exchange within the industrial market in Queens.
On the Map
$13,900,000
$480/SF
Industrial
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Players
Maspeth 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
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93