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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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July 28, 2014
09:15 EDTTRNOTerreno Realty acquires building in Kent, WA, for $2.8M
Terreno Realty Corporation acquired an industrial property located in Kent, Washington on July 25 for a purchase price of approximately $2.8M. The property consists of one industrial distribution building containing approximately 32,000 square feet on 3.8 acres adjacent to Highway 167 in Kent Valley. The property is at 26601-26609 79th Avenue South, provides 10 dock-high and two grade-level loading positions and is 52% leased to one tenant. The estimated stabilized cap rate of the property is 6.6%.

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