NYSE:TRNOIndustrial REITs
Is Terreno’s New San Francisco Industrial Buy Reshaping The Investment Case For Terreno Realty (TRNO)?
Terreno Realty Corporation recently acquired an industrial distribution property at 201-395 Mendell Street in San Francisco’s India Basin for approximately US$25.9 million, adding a fully leased 65,000-square-foot facility with leases running through May 2031 at an estimated stabilized cap rate of 5.5%.
This acquisition underscores Terreno Realty’s focus on coastal industrial hubs, expanding its San Francisco footprint with income backed by multiple long-term tenants and modern loading...