Terreno Realty Corporation TRNO 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%.
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