Terreno Realty (TRNO) Announces Acquisition Industrial Property in Hayward, California for $7.6M
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Terreno Realty Corporation (NYSE: TRNO) acquired an industrial property located in Hayward, California on December 15, 2011 for a purchase price of approximately $7.6 million.
The property consists of one trans-shipment industrial building containing approximately 34,000 square feet on approximately 10.2 acres. The 66 door truck terminal is adjacent to California Route 92 which traverses the San Mateo Bridge, convenient to Interstate 880 and is 100% leased to one tenant. The estimated stabilized cap rate of the property is 7.4%.
The property consists of one trans-shipment industrial building containing approximately 34,000 square feet on approximately 10.2 acres. The 66 door truck terminal is adjacent to California Route 92 which traverses the San Mateo Bridge, convenient to Interstate 880 and is 100% leased to one tenant. The estimated stabilized cap rate of the property is 7.4%.
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