Terreno Realty Corp. (NYSE: TRNO) has acquired a San Francisco industrial property for approximately $25.9 million.
The 3.8-acre property is an industrial distribution building in the city’s India Basin section. It encompasses approximately 65,000 square feet provides 17 dock-high and 10 grade-level loading positions and parking for 95 cars.
The building is 100% leased to four tenants all of which expire by May 2031. The estimated stabilized cap rate is 5.5%.
Terreno acquires, owns and operates industrial real estate in six major coastal markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, DC.
Photo via JLL Properties
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