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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%.
News For TRNO From The Last 14 Days
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October 12, 2015
09:18 EDTTRNOTerreno Realty reports 141 buildings owned as of September 30
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09:18 EDTTRNOTerreno Realty reports $29.5M in acquisitions in Q3
Terreno Realty announced its quarterly investment, operating and capital markets activity for the third quarter of 2015. During the third quarter of 2015, Terreno Realty Corporation acquired two industrial properties consisting of eight buildings containing approximately 293,000 square feet for an aggregate purchase price of approximately $29.5M. Year-to-date Terreno Realty Corporation acquired nine industrial properties consisting of 21 buildings containing approximately 1.6M square feet for a purchase price of approximately $195.5M with a weighted average stabilized cap rate of approximately 5.8%. Terreno Realty Corporation has approximately $64.2M of acquisitions under contract and $31.1M under non-binding letters of intent. Terreno Realty Corporation has one property under contract for sale for approximately $11.2M aggregating approximately 85,000 square feet. There is no assurance that Terreno Realty Corporation will acquire or dispose of the properties under contract or letter of intent because the proposed acquisitions and disposition are subject to the completion of satisfactory due diligence, closing conditions and, in the case of letters of intent, contracts.

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