Updated Oct 28, 2024
Terreno Realty Corporation Acquires Industrial Property In Alexandria, Virginia For $60.8M
5150 Eisenhower Avenue, Alexandria, Virginia 22304, United States
$60,800,000
$305/SF
Building Size
199,000 SF
Asset Type
Industrial
Closing
Dec 9, 2021
About this deal
AI
The industrial property located at 5150-5236 Eisenhower Avenue in Alexandria, Virginia, has been sold in a recent transaction. The property spans across 9.3 acres and is characterized by its industrial usage.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $60,800,000 (Approx)
The buyer of the property is Terreno Realty Corporation, represented by Blake Baird. The purchase price for the property was approximately $60,800,000. The total square footage of the industrial asset is 199,000 square feet, resulting in a price per square foot of $306.
Alexandria 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93