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Stock impact report

Terreno Realty Corporation Acquires Property in San Leandro, CA for $22.8 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 located in San Leandro, California on September 17, 2018 for a purchase price of approximately $22.8 million. The property consists of three industrial distribution buildings containing approximately 128,000 square feet on 7.3 acres. The property is at 701 Whitney Street, west of Interstate 880 and less than two miles from Oakland International Airport, provides 14 dock-high and 19 grade-level loading positions, parking for 156 cars and is 95.4% leased to 13 tenants, seven of whom expire within 12 months. The estimated stabilized cap rate of the property is 4.8%. Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) di Show less Read more
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