Terreno Realty Corporation Acquires Building in Whittier, CA for $16.1 Million

Terreno Realty Corporation

acquired an industrial property located in Whittier, California on June 12, 2012 for a purchase price of approximately $16.1 million. The property consists of one multi-tenant industrial building containing approximately 162,000 square feet, constructed in 2004. The property is currently 100% leased to one tenant and located at 12252 Whittier Boulevard. The Mid-Counties location is adjacent to the I-605 and I-5 expressways. The estimated stabilized cap rate of the property is 5.5%.