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 Jessup, Maryland on October 31, 2019 for a sale price of approximately $7.5 million.
The property consists of one industrial distribution building containing approximately 88,000 square feet on 5.9 acres at 8215 Dorsey Run Road. The property was purchased by Terreno Realty Corporation November 15, 2013 for approximately $6.0 million. The estimated unleveraged internal rate of return generated by the investment was approximately 7.5%.
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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