Terreno Realty (TRNO) acquired an industrial property located in Hyattsville, Maryland on December 4 for a purchase price of approximately $50M. The property consists of a rear-load industrial distribution building containing approximately 180,000 square feet on 14.1 acres. The building is shell complete only. Terreno Realty Corporation will permit and construct interior finishes expected to be completed in early 2027. The total expected investment is $57.6M and the estimated stabilized cap rate is 5.2%.
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