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Terreno Realty Corporation Acquires Building in Miami, FL for $2.5 Million

Terreno Realty Corp (TRNO)  More Company Research Source: Business Wire
Last terreno realty corp earnings: 8/2 04:02 pm Check Earnings Report
US:NYSE Investor Relations: terreno.com
PDF SAN FRANCISCO--(BUSINESS WIRE)-- 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 Miami, Florida on August 4, 2017 for a purchase price of approximately $2.5 million. The property consists of one industrial distribution building containing approximately 16,000 square feet on 0.6 acres at 2000 NW 70th Avenue immediately adjacent to Miami International Airport and three existing Terreno Realty Corporation properties on NW 70th Avenue. The property provides four dock-high loading positions, parking for 17 cars and is 100% leased to one tenant on a short-term basis. The estimated stabilized cap rate of the property is 6.1%. Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by tota [Read more]

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