Terreno Realty (TRNO) sold an industrial property located in Doral, Florida for a sale price of approximately $20.6M. 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 on July 23, 2012, for approximately $4.2M. The unleveraged internal rate of return generated by the investment was 13.4%.
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Read More on TRNO:
- Terreno Realty completes development in Florida
- Terreno Realty sell property in California for $13M
- Terreno Realty price target lowered to $63 from $68 at Goldman Sachs
- Terreno Realty announces development start in Hialeah, FL
- Terreno Realty price target lowered to $68 from $69 at Barclays
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