Terreno Realty Corp. Acquires Santa Ana Property for $49.5 Million
The company estimated the stabilized cap rate was 5.7% for the Orange County property. This acquisition follows an earlier acquisition in June of a 34,000-square-foot industrial flex building located at 11100 Hindry Ave. in Los Angeles for $10 million.
Bellevue, Washington-based Terreno acquires, owns and operates industrial real estate in six major coastal U.S. markets. It owns approximately 300 buildings nationwide, encompassing more than 19 million square feet.
Information for this article was sourced from Terreno Realty Corp.
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