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, sold an industrial property located in Capitol Heights, Maryland on February 26, 2018 for a sale price of approximately $20.3 million.
The property consists of one industrial distribution building containing approximately 139,000 square feet on approximately 7.7 acres at 1000 Hampton Park Boulevard which is approximately 44% leased to one tenant. The property was purchased by Terreno Realty Corporation May 13, 2014 for approximately $18.1 million. The estimated unleveraged internal rate of return generated by the investment was approximately 6.9%.
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C.
Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.
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