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Terreno Realty Corporation Sells Industrial Property in Newark, NJ for $29.8 Million

Dec 11, 2024•over 1 year ago

Contract Type

contract

Real Estate

Description

Terreno Realty Corporation, a company that acquires, owns, and operates industrial real estate, has sold an industrial property in Newark, New Jersey for a sale price of approximately $29.8 million. The property consists of a 5.7-acre improved land parcel leased to one tenant, with an unleveraged internal rate of return of 14.9%.

Company Information

Company

Terreno Realty Corporation

About

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

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