Terreno Realty (TRNO) Corporation acquired an industrial property located in Tukwila, Washington on December 12, 2025 for a purchase price of approximately $27.1M. The property consists of one industrial distribution building containing approximately 121,000 square feet on 7.1 acres. The property is at 510 Andover Park West in the northern Kent Valley, less than one mile from the intersection of I-5 and I-405, and provides 19 dock-high, two ramped and three grade-level loading positions and parking for 122 cars. The property is 100% leased to one tenant expiring February 2027. After tenant expiration Terreno Realty Corporation expects to renovate the property to allow leasing for one to four tenants. The estimated stabilized cap rate prior to such renovation and releasing is 3.9%.
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