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Provider: New Constructs, LLC
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Provider: Thomson Reuters Stock Report
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Provider: Plunkett Research, Ltd.
$99.00
Provider: MacroRisk Analytics/EconomicInvestor
$25.00

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Terreno Realty Corp Acquires Buildings In Miami, FL For $12.1 Million


Tuesday, 25 Sep 2012 04:05pm EDT 

Terreno Realty Corp announced that it has acquired two industrial buildings containing approximately 138,000 square feet located in Miami, Florida on September 25, 2012 for a purchase price of approximately $12.1 million. As part of the acquisition Terreno Realty Corporation assumed a mortgage loan with a total principal amount of approximately $6.2 million with a fixed annual interest rate of 5.84%. The mortgage loan has a maturity date of March 2014. The buildings are at 7500-7600 NW 26th Street in Miami‚Äôs Airport West submarket, approximately one mile from the west cargo area of Miami International Airport and 100% leased to one tenant. The estimated stabilized cap rate of the property is 7.4%. 

Company Quote

18.81
-0.06 -0.32%
22 Jul 2014