Terreno Realty Corporation , an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in Compton, California on December 27, 2023 for a sale price of approximately $15.9 million.
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The property consists of a 58,000 square foot industrial distribution building on 3.0 acres which is 100% leased to one tenant. The property was purchased by Terreno Realty Corporation on July 21, 2017 for approximately $9.4 million. The unleveraged internal rate of return generated by the investment was 13.0%.
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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