BELLEVUE, Wash.--(BUSINESS WIRE)--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 Doral, Florida, on November 21, 2024, for a sale price of approximately $20.6 million.
The property consists of one industrial distribution building containing 75,000 square feet on 2.8 acres which is 100% leased to one tenant. The property was purchased by Terreno Realty Corporation on July 23, 2012, for approximately $4.2 million. The unleveraged internal rate of return generated by the investment was 13.4%.
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Northern New Jersey/New York City; Los Angeles; Miami; San Francisco Bay Area; Seattle; 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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