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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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October 27, 2014
09:16 EDTTRNOTerreno Realty acquires building in Kent, WA for $9.2M
Terreno Realty Corporation acquired an industrial property located in Kent, Washington on October 24 for a purchase price of approximately $9.2M. The property consists of one industrial distribution building containing approximately 107,000 square feet on 6.5 acres adjacent to Highway 167 in Kent Valley. The property is at 8030 South 216th Street, provides 23 dock-high and three grade-level loading positions and is 100% leased to two tenants. The estimated stabilized cap rate of the property is 5.6%.

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