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0 0 0.000168010752688139 0.000168010752688139 -0.00134408602150535 0.00403225806451616 0.00117607526881721 0.00201612903225802
Stock impact report

Terreno Realty Corporation Acquires Property in Queens, NY for $50.1 Million

Terreno Realty Corporation (TRNO) 
Last terreno realty corporation earnings: 2/6 04:04 pm Check Earnings Report
US:NYSE Investor Relations: terreno.com
Company Research Source: Business Wire
BELLEVUE, Wash.--(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 located in Maspeth Queens, New York on December 27, 2024 for a purchase price of approximately $50.1 million.The property consists of one industrial transshipment building containing approximately 33,000 square feet on 2.6 acres. The property is at 49-15 Maspeth Avenue, less than one mile from the intersection of I-278 (Brooklyn-Queens Expressway) and I-495 (Queens Midtown/Long Island Expressway), provides 40 dock-high and four grade-level loading positions, 50 additional trailer positions and parking for 31 cars. The property is 100% leased to a plumbing, heating, HVAC and industrial products distributor and the estimated stabilized cap rate is 4.5%.Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95% Show less Read more
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