Terreno Realty sells industrial property in California for $17.0M Terreno Realty sold an industrial property located in San Bernardino, California on November 27 for a sale price of approximately $17.0M. The property consists of two trans-shipment industrial buildings containing approximately 122,000 square feet. The property is currently 100% leased to one tenant and was sold to an affiliate of Realterm NAT. Terreno Realty Corporation acquired the property in September 2010 for a purchase price of approximately $12.1M.
Terreno Realty sells buildings in Fremont, California for $13.4M Terreno Realty sold an industrial property located in Fremont, California on June 25 for a sale price of approximately $13.4M. The property consists of two industrial buildings containing approximately 141,000 square feet on approximately 8.8 acres. The property is 100% leased to six tenants and was purchased by Terreno Realty Corporation March 26, 2010 for approximately $7.3M. The estimated unleveraged internal rate of return generated by the investment was approximately 15.1%.