Terreno Realty reports Q4 acquisitions of $99.6M During Q4, Terreno Realty Corporation acquired eight industrial properties consisting of 12 buildings containing approximately 680K square feet and one parcel of land for expanding an existing building for an aggregate purchase price of approximately $99.6M. The company sold one property in New Jersey for $19.0M. Quarter end occupancy of 92.8% compares to prior quarter of 88.6% and prior year of 93.3%. During 2013, Terreno acquired 18 industrial properties consisting of 30 buildings containing approximately 1.9M square feet and one parcel of land for expanding an existing building for an aggregate purchase price of approximately $210.5M.
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%.