Terreno Realty Corporation Sells Buildings in Maryland for $51.3 Million

Terreno Realty Corporation TRNO, an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold three industrial properties located in Maryland's Baltimore/Washington Corridor on June 10, 2020 for a sale price of approximately $51.3 million.

The properties consist of one rear-load industrial distribution building containing approximately 66,000 square feet on 4.0 acres at 7125 Troy Hill Drive in Elkridge, Maryland which is 100% leased to three tenants, one cross-dock industrial distribution building containing approximately 159,000 square feet on 11.7 acres at 7190 Parkway Drive in Hanover, Maryland which is 100% leased to two tenants and one rear-load industrial distribution building containing approximately 115,000 square feet on 9.0 acres at 9070 Junction Drive in Annapolis Junction, Maryland which is 100% leased to five tenants. Terreno Realty Corporation's dates of purchase, acquisition price, disposition price and estimated unleveraged internal rates of return generated by each investment are as follows:

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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