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Terreno Realty Corporation Acquires Property At 619 S Pickett St Alexandria For $9M

Property Image
SOLD
$9,000,000

Virginia

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Warehouse28,000 SF
Sold 11/03/2021
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Property Image
SOLD

Terreno Realty Corporation Acquires Property At 619 S Pickett St Alexandria For $9M

619 S Pickett St, Alexandria, VA, 22304

See Similar Deals
Warehouse28,000 SF
Sold 11/03/2021
Contact now

Summary

VIRGINIA
Asset Type:Warehouse
Price Per Square Foot:$321
Total Square Footage:28,000 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 619 S Pickett St, Alexandria, VA, 22304. The transaction was completed for a price of $9,000,000.00 with a total square footage of 28,000 in the Alexandria market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $9,000,000.00
  • Square Footage: 28,000
  • Address: 619 S Pickett St, Alexandria, VA, 22304
  • Market: Alexandria
  • Buyer's Representative: Terreno Realty Corporation
  • Seller's Representatives: Josh Simon (Lee & Associates), Joshua Simon (KLNB Retail)

The deal was facilitated by Josh Simon from Lee & Associates and Joshua Simon from KLNB Retail, representing the seller in the transaction. The buyer, Terreno Realty Corporation, played a significant role in finalizing the sale, marking a notable transaction in the Alexandria market.

Players

Josh Simon
1 deal$9M volume(301) 461-8699
BROKER

Joshua (Josh) Simon
Lee & Associates
2 deals$17.3M volume(301) 461-8699
BROKER

Pierson Kreutzer
KLNB
1 deal$9M volume(703) 731-1044
BROKER

Terreno Realty Corporation
BUYER

Details

SOLD
IMAGE: 619 S Pickett St, Alexandria, VA, 22304 MARKET: Alexandria SELLER'S REP: Josh Simon(Lee & Associates), Joshua Simon(KLNB Retail) BUYER: Terreno Realty Corporation SELLER: PRICE: $9,000,000.00 SF: 28000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$480,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10