Terreno Realty Corporation Sells Building in Hialeah, FL for $24.3 Million

Terreno Realty Corporation TRNO, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Hialeah, Florida on June 25, 2018 for a sale price of approximately $24.3 million.

The property consists of one industrial distribution building containing approximately 302,000 square feet on approximately 10.5 acres at 215 SE 10^th Avenue which is 100% leased to one tenant. The property was purchased by Terreno Realty Corporation December 20, 2010 for approximately $9.0 million. The estimated unleveraged internal rate of return generated by the investment was approximately 11.5%.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, 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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