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Terreno Realty Corporation Acquires Building in Torrance, CA for $17.5 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 Torrance, California on January 31, 2018 for a purchase price of approximately $17.5 million. The property consists of one industrial cross-dock distribution building containing approximately 100,000 square feet on 4.7 acres. The property is at 19801 S Vermont Avenue, west of Interstate 405 and between Los Angeles International Airport and the ports of LA and Long Beach, provides 12 dock-high and three grade-level loading positions, parking for 121 cars and is 100% leased to one tenant through January 2020. The estimated stabilized cap rate of the property is 3.3%. Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally [Read more]

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