Terreno Realty Buys Property in Carson, CA for $12.75M

Terreno Realty Corporation TRNO, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired a property containing approximately 186,000 square feet within three industrial buildings located in Carson, California on December 20, 2012 for a purchase price of approximately $12.75 million. The buildings are at 17110, 17120 and 17180 South Main Street in the South Bay submarket, adjacent to CA Highway 91 and I-110, approximately midway between Los Angeles International Airport and the Ports of LA and Long Beach. The approximately 9.6 acre site is 100% ground leased until June 30, 2015. The ground lease payment provides an actual cap rate of 0.3%. After expiration of the ground lease the estimated stabilized cap rate of the property is 8.4%.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!