Terreno Realty Buys DC Industrial Property for $13M

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%.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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