Terreno Realty sold an industrial property located in Bayonne, New Jersey on December 27, 2022 for a sale price of approximately $24.3M. The property consists of one industrial distribution building containing approximately 98,000 square feet on 3.6 acres which is 100% leased to one tenant. The property was purchased by Terreno Realty Corporation on March 31, 2014 for approximately $9.2M. The unleveraged internal rate of return generated by the investment was 14.1%.
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on TRNO:
