Terreno Realty (TRNO) sold an industrial property located in Lanham, Maryland on March 6 for a sale price of approximately $11.1M. The property consists of a 56,000 square foot light industrial building on 4.5 acres which is 100% leased. The property was purchased by Terreno Realty Corporation on December 11, 2013 for $5.6M. The unleveraged internal rate of return generated by the investment was 10.8%.
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