{"id":1004152090,"date":"2016-09-09T06:12:51","date_gmt":"2016-09-09T14:12:51","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004152090"},"modified":"2020-05-18T01:22:15","modified_gmt":"2020-05-18T09:22:15","slug":"terreno-realty-goes-shopping-in-nj","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/terreno-realty-goes-shopping-in-nj\/","title":{"rendered":"Terreno Realty Goes Shopping in NJ"},"content":{"rendered":"
\"70<\/a>

70 Schoolhouse Road, Somerset. N.J.<\/p><\/div>\n

Somerset, N.J.<\/b>\u2014Terreno Realty Corp.<\/a>, a company that owns and operates industrial real estate in six major coastal U.S. markets, has recently acquired an 86,000-square-foot industrial building in Somerset. The asset traded for approximately $9 million.<\/p>\n

The acquisition cost includes the basic purchase price, the effect of marking assumed debts to market, buyer\u2019s due diligence and closing costs, predicted near-term capital expenses and additional costs needed to achieve stabilization. The estimated stabilized cap rate of the property is 5.5 percent.<\/p>\n

The asset is situated at 70 Schoolhouse Road and consists of one rear-load industrial distribution building<\/a> providing 12 dock-high and one grade-level loading positions. Sitting on roughly 7 acres, the property supplies 61 parking spaces and is 100 percent leased to one tenant.<\/p>\n

Image via Google Maps<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Totaling approximately 86,000 square feet, the industrial property is 100 percent leased to one tenant.<\/p>\n","protected":false},"author":1269,"featured_media":1004152092,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21748,1600,10],"tags":[],"class_list":["post-1004152090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-industrial","category-new-york","category-northeast"],"acf":[],"yoast_head":"\nTerreno Realty Goes Shopping in NJ - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-goes-shopping-in-nj\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terreno Realty Goes Shopping in NJ\" \/>\n<meta property=\"og:description\" content=\"Totaling approximately 86,000 square feet, the industrial property is 100 percent leased to one tenant.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-goes-shopping-in-nj\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-09-09T14:12:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T09:22:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/terrano-sau-ce.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1250\" \/>\n\t<meta property=\"og:image:height\" content=\"780\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-goes-shopping-in-nj\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-goes-shopping-in-nj\/\",\"name\":\"Terreno Realty Goes Shopping in NJ - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-goes-shopping-in-nj\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-goes-shopping-in-nj\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/terrano-sau-ce.jpg\",\"datePublished\":\"2016-09-09T14:12:51+00:00\",\"dateModified\":\"2020-05-18T09:22:15+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1b82b91678533ae5d40e3240086a42bb\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-goes-shopping-in-nj\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-goes-shopping-in-nj\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/terreno-realty-goes-shopping-in-nj\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/terrano-sau-ce.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/09\/terrano-sau-ce.jpg\",\"width\":1250,\"height\":780,\"caption\":\"70 Schoolhouse Road, Somerset. 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