Terreno Realty Corporation Unloads Industrial Property For $22.2 Million

Jul 26, 2020 No Comments by

Terreno Realty Corporation sold an industrial property located in Miami Lakes, on July 23, 2020 for a sale price of approximately $22.2 million.

The property consists of one industrial distribution building containing approximately 192,000 square feet on 13.2 acres at 14100 NW 60th Avenue which is 100% leased to one tenant. The property was purchased by Terreno Realty Corporation on December 20, 2010 for approximately $7.8 million. The unleveraged internal rate of return generated by the investment was 7.4%.

Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.




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Industrial / Flex, Industry News, Miami-Dade County Industrial / Flex, NA
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