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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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January 26, 2015
09:17 EDTTRNOTerreno Realty acquires building in Doral, FL for $9.9M
Terreno Realty Corporation acquired an industrial property located in Doral, Florida on January 23, 2015 for a purchase price of approximately $9.9M. The property consists of one cross-dock industrial distribution building containing approximately 107,000 square feet on 5.0 acres in Miami’s Airport West market. The property is at 10100 NW 25th Street, provides 25 dock-high and six grade-level loading positions and is 100% leased to one tenant. The estimated stabilized cap rate of the property is 6.4%.

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