Terreno Realty Corporation Sells Property in Seattle, WA for $11.0 Million

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Seattle, Washington on March 29, 2024 for a sale price of approximately $11.0 million.

The property consists of a 25,000 square foot industrial distribution building on 1.5 acres which is 100% leased to one tenant. The property was purchased by Terreno Realty Corporation on May 6, 2016 for approximately $4.7 million. The unleveraged internal rate of return generated by the investment was 16.5%.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

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The Terreno Realty Stock at the time of publication of the news with a raise of +1,65 % to 61,50USD on Lang & Schwarz stock exchange (28. März 2024, 22:59 Uhr).