Terreno Realty Corporation Acquires Property At 619 S Pickett St Alexandria For $9M
619 S Pickett St, Alexandria, VA, 22304
$9,000,000
$321/SF
Building Size
28,000 SF
Asset Type
Warehouse
Closing
Nov 3, 2021
About this deal
AI
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
Alexandria Warehouse Market Snapshot
Boundary boundary · Warehouse · 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