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Terreno Realty Acquires South San Francisco Industrial Property for USD 6.3m
Wednesday 15 July 2020

US-based Terreno Realty Corp. (NYSE: TRNO) has acquired a South San Francisco, 22,000 SF industrial property for USD 6.3m, the company said.

The property, located on 0.7 acres, is 100% leased to one tenant. The estimated stabilised cap rate of the property is 4.7%.

Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer's due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilisation.

Terreno Realty Corp. acquires, owns and operates industrial real estate in six major coastal US markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, DC
Date Published: 15/07/2020