Business
Terreno Realty Corporation Sells Property in Gardena, CA for $44.0 Million
BELLEVUE, Wash., March 19, 2026--Terreno Realty Corporation Sells Property in Gardena, CA for $44.0 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/710b3bd3905fdc73d1199f59150d3742"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.SX.hopPgvz0X2bu8mNy.w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTgyNQ--/https://media.zenfs.com/en/business-wire.com/710b3bd3905fdc73d1199f59150d3742","width":410,"height":480}},"lazy":false},{"type":"text","content":"BELLEVUE, Wash., March 19, 2026--(BUSINESS WIRE)--Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Gardena, California on March 18, 2026 for a sale price of approximately $44.0 million.","length":308,"tagName":"p"},{"type":"text","content":"The property consists of two industrial distribution buildings containing 231,000 square foot on 11.1 acres which is currently under redevelopment. The property was purchased by Terreno Realty Corporation on December 15, 2017 for $37.6 million. The unleveraged internal rate of return generated by the investment was 6.3%.","length":322,"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":221,"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":"text","content":"This press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management’s beliefs and on assumptions made by, and information currently available to, management. When used, the words "anticipate," "believe," "estimate," "expect," "intend," "may," "might," "plan," "project," "result," "should," "will," "seek," "target," "see," "likely,...