Terreno Realty Corporation Acquires Property in Queens, NY for $24.0 Million
Terreno Realty Corporation (TRNO)
Last terreno realty corporation earnings: 2/6 04:04 pm
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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 located in Maspeth Queens, New York on February 12, 2019 for a purchase price of approximately $24.0 million. The property consists of one industrial transshipment building containing approximately 18,000 square feet on approximately 2.0 acres adjacent to the intersection of the Brooklyn-Queens Expressway and the Long Island Expressway. The property is at 56-85 49th Street, provides 36 dock-high loading positions, parking for 22 trailers and is 100% leased to one tenant on a short-term basis. The estimated stabilized cap rate of the property is 5.3%. Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by tota
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TRNO
Earnings
- 11/2/23 - Miss
TRNO
Sec Filings
- 3/27/24 - Form 8-K
- 3/27/24 - Form 424B5
- 3/25/24 - Form 424B5
- TRNO's page on the SEC website