Terreno Realty Corporation Acquires Property in Kent, WA for $4.5 Million
Terreno Realty Corporation (TRNO)
Last terreno realty corporation earnings: 2/6 04:04 pm
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Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property in Kent, Washington on April 17, 2020 for a purchase price of approximately $4.5 million.The 2.8-acre improved land parcel at 20045 84th Avenue South is in the northern Kent Valley adjacent to Terreno Realty Corporation’s Kent 202nd property. The property is 100% leased to one tenant on a month-to-month basis and the estimated stabilized cap rate is 5.7%.Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.Terreno Realty Corporatio
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Earnings
- 11/6/24 - Miss
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Sec Filings
- 11/14/24 - Form SC
- 11/7/24 - Form SC
- 11/6/24 - Form 10-Q
- TRNO's page on the SEC website