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“Terreno Sells Compton Industrial Property for $16M”

"Terreno Sells Compton Industrial Property for $16M"

Bellevue-based Terreno Realty Corporation, a leading acquirer and operator of industrial real estate in major coastal markets across the U.S., recently sold an industrial property in Compton for approximately $15.9 million. The buyer’s identity remains undisclosed.

The property encompasses a 58,000-square-foot distribution building on 3 acres of land, fully leased to one tenant. Terreno acquired the property in July 2017 for around $9.4 million and achieved an unleveraged internal rate of return of 13%. With properties also located in Los Angeles, the Bay Area, New York/New Jersey, Washington DC and Miami alongside its home base Seattle,Terreno continues to expand its portfolio within key markets nationwide.

The article “Terreno Offloads Compton Industrial for $16M” was originally published by Connect CRE.

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