Terreno Realty Corp. pays $365M for 28 building, 1.2msf portfolio across NYC, New Jersey, San Francisco and Los Angeles

  • 5/3/2024

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IREI
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The portfolio of 28 buildings with approximately 1.2 million square feet is 91.6 percent leased to 70 tenants. The in-place cap rate is 4.3 percent, the estimated stabilized cap rate is 5 percent and the estimated stabilized cap rate adjusting to today’s market rents is 5.8 percent.

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