Updated Oct 28, 2024
Terreno Realty Corporation Acquires Industrial Property In Alexandria, Virginia For $9M
619 South Pickett Street, Alexandria, Virginia, USA
$9,000,000
$321/SF
Building Size
28,000 SF
Asset Type
Industrial
Closing
Oct 29, 2021
About this deal
AI
An industrial property located at 619 S. Pickett Street in Alexandria, Virginia has been sold for approximately $9,000,000. The property spans 1.3 acres and offers 28,000 square feet of space. The sale price per square foot amounts to $321.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,000,000 (approx)
- Address: 619 S. Pickett Street, Alexandria, Virginia
- Market: Alexandria, Virginia
- Acres: 1.3
The buyer of the property is Terreno Realty Corporation, represented by W. Blake Baird.
W. Blake Baird, from Terreno Realty Corporation, played a key role as the buyer's representative in this transaction.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93