Terreno Realty Corporation Sells Property in Seattle for $10.3 Million

BELLEVUE, Wash .– (BUSINESS WIRE) – Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner, and operator of commercial real estate in six major U.S. coastal markets, has commercial property in Seattle, Washington on September 9, 2021 for a sale price of approximately $ 10.3 Dollar sold a million.

The property consists of an industrial sales building of approximately 35,000 square feet over 1.1 acres at 25-29 South Hanford Street that is 100% leased to three tenants. The property was acquired by Terreno Realty Corporation on April 21, 2017 for approximately $ 5.9 million. The no-fault internal rate of return for the plant was 11.0%.

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

For more information about Terreno Realty Corporation, please visit the company’s website at www.terreno.com.

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