Business
Terreno Realty Corporation Acquires Property in South San Francisco, CA for $5.6 Million
BELLEVUE, Wash., October 16, 2025--Terreno Realty Corporation Acquires Property in South San Francisco, CA for $5.6 Million
About this update from Terreno Realty Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":410,"height":480,"url":"https://media.zenfs.com/en/business-wire.com/b8c638f04697db5f4857c16b062bb0eb"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/SjomX7QW_MdaJxtg_SNxjw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTgyNTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/b8c638f04697db5f4857c16b062bb0eb","width":410,"height":480}},"lazy":false},{"type":"text","content":"BELLEVUE, Wash., October 16, 2025--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired an industrial property located in South San Francisco, California on October 15, 2025 for a purchase price of approximately $5.6 million.","length":331,"tagName":"p"},{"type":"text","content":"The property consists of one industrial distribution building containing approximately 18,000 square feet and one 0.2-acre improved land parcel on 1.0 acres. The property is at 250 South Maple Avenue, between San Francisco International Airport and the City of San Francisco, and provides seven grade-level loading positions and parking for 19 cars. The building is 73% leased to four tenants and the improved land parcel is 100% leased to one tenant all of which expire by June 2028. The estimated stabilized cap rate is 6.3%.","length":527,"tagName":"p"},{"type":"text","content":"Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.","length":416,"tagName":"p"},{"type":"text","content":"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.","length":220,"tagName":"p"},{"type":"text","content":"Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.","length":114,"tagName":"p"},{"...