Terreno Realty Corporation Purchases in San Francisco

Yesterday, the Terreno Realty Corporation purchased an industrial building in Southern San Francisco. The cost was approximately $2.6 million. The building is 20,000 square feet, and is currently leased to one tenant alone. The stabilizied cap rate is around 7.3%. Stabilized cap rates are calculated as annual cash basis operating income stabilized to market occupancy, which is usually around 95%, divided by the complete cost of the purchase.

Terreno Realty Corporation purchases, owns and operates various industrial real estates in 6 significant coastal market areas; Los Angeles, New York City/Northern New Jersey, the San Francisco Bay Area, Seattle, Miami and Washington DC.

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