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Stock Market & Financial Investment News

News Breaks
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.
News For TRNO From The Last 14 Days
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June 26, 2015
09:17 EDTTRNOTerreno 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%.
June 23, 2015
07:43 EDTTRNOMitsubishi UFJ to hold a conference
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