Terreno Realty Corporation Sells Property in South San Francisco, CA for $8.0 Million

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BELLEVUE, Wash.--(BUSINESS WIRE)--Jan 17, 2025--

Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in South San Francisco, California on January 16, 2025 for a sale price of approximately $8.0 million.

The property consists of one industrial building containing approximately 22,000 square feet on 0.7 acres which is 100% leased to one tenant. The property was purchased by Terreno Realty Corporation on July 10, 2020 for $6.3 million. The unleveraged internal rate of return generated by the investment was 7.5%.

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

Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.

Forward-Looking Statements

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CONTACT: Terreno Realty Corporation

Jaime Cannon

415-655-4580

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA WASHINGTON

INDUSTRY KEYWORD: OTHER CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE CONSTRUCTION & PROPERTY REIT

SOURCE: Terreno Realty Corporation

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PUB: 01/17/2025 09:15 AM/DISC: 01/17/2025 09:14 AM

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