Terreno Realty Buys DC Industrial Property for $13M

Terreno Realty Corporation, a leading industrial real estate company, recently acquired an industrial property in Washington, DC for $13.4 million. Spanning approximately 33,000 square feet on 1.3 acres of land at 2266 25th Place NE., the newly constructed distribution building offers two dock-high and five grade-level loading positions as well as parking for 23 cars. The property is fully leased with an estimated stabilized cap rate of 5.3%.