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Stock Market & Financial Investment News

News Breaks
December 20, 2012
09:22 EDTTRNOTerreno Realty acquires building in San Jose, California, for $4.2M
Terreno Realty acquired an industrial property located in San Jose, California on December 19 for a purchase price of approximately $4.2M. The property consists of one multi-tenant industrial building containing approximately 47,000 square feet. The property is currently 71% leased to two tenants. The estimated stabilized cap rate of the property is 7.4%.
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April 23, 2014
09:16 EDTTRNOTerreno Realty acquires California building for $3.5M
Terreno Realty acquired an industrial property located in Inglewood, California on April 22 for a purchase price of approximately $3.5M. The property consists of one industrial distribution building containing approximately 19K square feet on 0.9 acres approximately one mile north of Los Angeles International Airport. The property is 94% leased to two tenants. The estimated stabilized cap rate of the property is 4.8%. The total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.

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