Terreno Realty Corporation Sells Property in West Caldwell, NJ for $17.8 Million
December 20 2023 - 9:15AM
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 West Caldwell,
New Jersey on December 19, 2023 for a sale price of approximately
$17.8 million.
The property consists of a 93,000 square foot industrial
distribution building on 8.9 acres which is 100% leased to two
tenants. The property was purchased by Terreno Realty Corporation
on June 20, 2013 for approximately $6.8 million. The unleveraged
internal rate of return generated by the investment was 11.2%.
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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Terreno Realty Corporation Jaime Cannon 415-655-4580
Terreno Realty (NYSE:TRNO)
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