BELLEVUE, Wash.--(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 East Rutherford, New Jersey on October 14, 2026 for a sale price of approximately $25.0 million.
The property consists of a 86,000 square foot rear-load industrial distribution building on 4.3 acres which is vacant. The property was purchased by Terreno Realty Corporation on October 15, 2015 for $9.3 million. The unleveraged internal rate of return generated by the investment was 11.0%.
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.
Additional information about Terreno Realty Corporation is available on the company’s web site at www.terreno.com.
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