Terreno Realty Acquires Industrial Property For $186M


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  • Terreno Realty Corporation (NYSE:TRNO) has acquired an industrial property located in Newark, California, for a purchase price of ~$186 million.
  • The purchased property consists of four industrial distribution buildings containing ~603,000 sq. ft. on 30.5 acres.
  • The property provides 86 dock-high and eight grade-level loading positions and parking for 730 cars.
  • The property is 100% leased to four tenants with leases expiring between 2026 and 2032. The estimated stabilized cap rate is 4.6%.
  • Price Action: TRNO shares are trading higher by 1.63% at $64.28 on the last check Friday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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