Terreno Realty Corporation Acquires Property in Bellevue, WA for $6.5 Million
Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Bellevue, Washington on January 5, 2024 for a purchase price of approximately $6.5 million.
- Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in Bellevue, Washington on January 5, 2024 for a purchase price of approximately $6.5 million.
- The property consists of one industrial distribution building containing approximately 16,000 square feet on 1.8 acres.
- The property is vacant and the estimated stabilized cap rate is 5.8%.
- 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.