Terreno Realty Corporation, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Doral, Florida, on November 21, 2024, for a sale price of approximately $20.6 million.
The property consists of one industrial distribution building containing 75,000 square feet on 2.8 acres which is 100% leased to one tenant. The property was purchased by Terreno Realty Corporation on July 23, 2012, for approximately $4.2 million. The unleveraged internal rate of return generated by the investment was 13.4%.
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Northern New Jersey/New York City; Los Angeles; Miami; San Francisco Bay Area; Seattle; and Washington, D.C.
Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.
