Terreno Realty (TRNO) Expands Further into Inglewood, CA
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Terreno Realty Corporation (NYSE: TRNO) has acquired an Inglewood, California property for a purchase price of approximately $4.1 million.
The property consists of one industrial building containing approximately 28,000 square feet. The property was purchased vacant and subsequently 100% leased to one tenant. The estimated stabilized cap rate of the property is 6.8%.
The property consists of one industrial building containing approximately 28,000 square feet. The property was purchased vacant and subsequently 100% leased to one tenant. The estimated stabilized cap rate of the property is 6.8%.
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