Terreno Realty Corporation Sells Portfolio in Doral, FL for $82.3 Million
The portfolio consists of six buildings containing approximately 302,000 square feet on 14.6 acres which are 91% leased to 21 tenants. The portfolio was purchased by Terreno Realty Corporation on May 22, 2013 for $23.7 million. The unleveraged internal rate of return generated by the investment was 14.7%.
Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey; 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.
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