SAN FRANCISCO–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 Fremont, California on June 25, 2015 for a sale price of approximately $13.4 million.
The property consists of two industrial buildings containing approximately 141,000 square feet on approximately 8.8 acres. The property is at 48603-48622 Warm Springs Boulevard, is 100% leased to six tenants and was purchased by Terreno Realty Corporation March 26, 2010 for approximately $7.3 million. The estimated unleveraged internal rate of return generated by the investment was approximately 15.1%.
Terreno Realty Corporation is an acquirer, owner and operator of 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./Baltimore.
Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.