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 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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