Terreno Realty Acquires Fully Leased Industrial Property in South San Francisco for $19 Million
Terreno Realty (TRNO) has completed the acquisition of a fully leased industrial asset located in South San Francisco, California. The transaction, valued at approximately $19 million, involves a 60,000-square-foot distribution building situated on a 2.1-acre site. The property is currently occupied by a single tenant and features seven loading positions along with parking capacity for 57 vehicles. This acquisition is expected to yield an estimated stabilized cap rate of 4.8%, contributing to Terreno Realty's industrial real estate portfolio.
Tickers: $TRNO
Topics: commercial real estate industrial property acquisition real estate investment