Realterm Logistics closed on the acquisition of a highly functional, well-located final mile warehouse in Brooklyn, New York. The property is ideally located to service over 11 million consumers in the New York City market, with excellent access to I-495 and I-278. The extremely functional asset includes dock-high and internal loading on multiple sides of the building. The property is fully leased.
"The asset's superior high flow-through (HFT) functionality makes this a great addition to our portfolio," said Derek Fish, Vice President of Investments. “The combination of loading and parking makes this an ideal property for HFT and final mile users."
Highlights of the property include:
- Square feet / doors: 70,710 SF / 23 doors
- Land area: 2.88 Acres
- Access: Downtown Manhattan – 4.3 miles; Midtown Manhattan – 6.3 miles; JFK Airport – 11.8 miles
Isaac Ilkhanov of STELTH Commercial Group facilitated the transaction.