Business
Terreno Realty Corporation Acquires Property in Santa Ana, CA for $49.5 Million
BELLEVUE, Wash., June 23, 2025--Terreno Realty Corporation Acquires Property in Santa Ana, CA for $49.5 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/e6388a9160da601b65c39ed0d359d25a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2lLja.LY8v0.0F3m..sH0g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTgyNTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/e6388a9160da601b65c39ed0d359d25a","width":410,"height":480}},"lazy":false},{"type":"text","content":"BELLEVUE, Wash., June 23, 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 Santa Ana, California on June 20, 2025 for a purchase price of approximately $49.5 million.","length":316,"tagName":"p"},{"type":"text","content":"The property consists of one industrial distribution building containing approximately 134,000 square feet on 12.1 acres of industrial zoned land. The property is currently 100% leased to a major home improvement retailer and operated as a retail location. The property is at 3500 West MacArthur Boulevard, adjacent to I-405 in Orange County, and provides seven dock-high and three grade-level loading positions. The estimated stabilized cap rate is 5.7%.","length":455,"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"},{"type":"text","content":"Forward-Looking Statements","length":26,"tagName":"p"},{"type":...