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0 0 0 0 0.00566223535204325 0.00640078778926632 0.00566223535204325 0.00393894633185614
Stock impact report

Terreno Realty Corporation Acquires Property in Kearny, NJ for $25.0 Million

Terreno Realty Corporation (TRNO) 
Last terreno realty corporation earnings: 2/6 04:04 pm Check Earnings Report
US:NYSE Investor Relations: terreno.com
Company Research Source: Business Wire
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 in Kearny, New Jersey on March 8, 2019 for a purchase price of approximately $25.0 million. The 16.8-acre improved land parcel at 81 North Hackensack Avenue is adjacent to Exit 15E of the New Jersey Turnpike, U.S Routes 1 and 9 and the Pulaski Skyway. The property is 100% leased to one tenant and the estimated stabilized cap rate is 5.3%. The property was acquired as partial repayment of the $55 million senior secured loan that Terreno Realty Corporation made in 2018, reducing the outstanding loan balance to approximately $30 million. Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquis Show less Read more
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