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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.
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August 25, 2014
09:15 EDTTRNOTerreno Realty acquires building in Auburn, WA for $9.5M
Terreno Realty Corporation acquired an industrial property located in Auburn, Washington on August 22, 2014 for a purchase price of approximately $9.5M. The property consists of one industrial distribution building containing approximately 92,000 square feet on 7.8 acres adjacent to Highway 167 in Kent Valley. The property is at 1307 West Valley Highway North, provides 15 dock-high and seven grade-level loading positions and is 78% leased to five tenants. The estimated stabilized cap rate of the property is 5.6%.

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