{"id":527397,"date":"2021-08-12T09:18:09","date_gmt":"2021-08-12T13:18:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-acquires-properties-in-seattle-wa-for-50-0-million\/"},"modified":"2021-08-12T09:18:09","modified_gmt":"2021-08-12T13:18:09","slug":"terreno-realty-corporation-acquires-properties-in-seattle-wa-for-50-0-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-acquires-properties-in-seattle-wa-for-50-0-million\/","title":{"rendered":"Terreno Realty Corporation Acquires Properties in Seattle, WA for $50.0 Million"},"content":{"rendered":"

<\/p>\n

Terreno Realty Corporation Acquires Properties in Seattle, WA for $50.0 Million<\/b><\/p>\n

BELLEVUE, Wash.–(BUSINESS WIRE<\/a>)–Terreno Realty Corporation<\/b> (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired three industrial properties in Seattle, Washington on August 11, 2021 for a purchase price of approximately $50.0 million.\n<\/p>\n

\nThe improved land parcels totaling 11.7 acres are on Martin Luther King Jr Way S adjacent to King County International Airport-Boeing Field and Interstate 5. Property details are:\n<\/p>\n\n\n\n\n\n
\n

Address<\/b><\/p>\n<\/td>\n

\n\n

Price<\/b><\/p>\n<\/td>\n

\n\n

Occupancy<\/b><\/p>\n<\/td>\n

\n\n

Acres<\/b><\/p>\n<\/td>\n

\n\n

Stabilized Cap Rate<\/b><\/p>\n<\/td>\n<\/tr>\n

\n

\n9801\n<\/p>\n<\/td>\n

\n\n

\n$11.9 million\n<\/p>\n<\/td>\n

\n\n

\n100%\n<\/p>\n<\/td>\n

\n\n

\n3.1\n<\/p>\n<\/td>\n

\n\n

\n2.4%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n9845\n<\/p>\n<\/td>\n

\n\n

\n$15.8 million\n<\/p>\n<\/td>\n

\n\n

\n100%\n<\/p>\n<\/td>\n

\n\n

\n3.4\n<\/p>\n<\/td>\n

\n\n

\n3.4%\n<\/p>\n<\/td>\n<\/tr>\n

\n

\n9600\n<\/p>\n<\/td>\n

\n\n

\n$22.4 million\n<\/p>\n<\/td>\n

\n\n

\n0%\n<\/p>\n<\/td>\n

\n\n

\n5.2\n<\/p>\n<\/td>\n

\n\n

\n4.9%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n

\nEstimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer\u2019s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.\n<\/p>\n

\nTerreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles; Northern New Jersey\/New York City; San Francisco Bay Area; Seattle; Miami; and Washington, D.C.\n<\/p>\n

\nAdditional information about Terreno Realty Corporation is available on the company\u2019s web site at www.terreno.com<\/a>.\n<\/p>\n

Forward-Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements within the meaning of the federal securities laws. We caution investors that forward-looking statements are based on management\u2019s beliefs and on assumptions made by, and information currently available to, management. When used, the words \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cresult,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cseek,\u201d \u201ctarget,\u201d \u201csee,\u201d \u201clikely,\u201d \u201cposition,\u201d \u201copportunity,\u201d \u201coutlook,\u201d \u201cpotential,\u201d \u201centhusiastic,\u201d \u201cfuture\u201d and similar expressions which do not relate solely to historical matters are intended to identify forward-looking statements. These statements are subject to risks, uncertainties, and assumptions and are not guarantees of future performance, which may be affected by known and unknown risks, trends, uncertainties, and factors that are beyond our control, including risks related to our ability to meet our estimated forecasts related to stabilized cap rates, the impact of the COVID-19 pandemic on our business, our tenants and the national and local economies, and those risk factors contained in our Annual Report on Form 10-K for the year ended December 31, 2020 and our other public filings. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated, or projected. We expressly disclaim any responsibility to update our forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Accordingly, investors should use caution in relying on past forward-looking statements, which are based on results and trends at the time they are made, to anticipate future results or trends.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210812005086\/en\/<\/a><\/span><\/p>\n

\nJaime Cannon
\n
415-655-4580\n<\/p>\n

KEYWORDS:<\/b> United States North America California Washington<\/p>\n

INDUSTRY KEYWORDS:<\/b> Commercial Building & Real Estate Construction & Property REIT<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Terreno Realty Corporation Acquires Properties in Seattle, WA for $50.0 Million BELLEVUE, Wash.–(BUSINESS WIRE)–Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired three industrial properties in Seattle, Washington on August 11, 2021 for a purchase price of approximately $50.0 million. The improved land parcels totaling 11.7 acres are on Martin Luther King Jr Way S adjacent to King County International Airport-Boeing Field and Interstate 5. Property details are: Address Price Occupancy Acres Stabilized Cap Rate 9801 $11.9 million 100% 3.1 2.4% 9845 $15.8 million 100% 3.4 3.4% 9600 $22.4 million 0% 5.2 4.9% Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market … <\/p>\n

Continue reading “Terreno Realty Corporation Acquires Properties in Seattle, WA for $50.0 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-527397","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTerreno Realty Corporation Acquires Properties in Seattle, WA for $50.0 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-acquires-properties-in-seattle-wa-for-50-0-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terreno Realty Corporation Acquires Properties in Seattle, WA for $50.0 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Terreno Realty Corporation Acquires Properties in Seattle, WA for $50.0 Million BELLEVUE, Wash.–(BUSINESS WIRE)–Terreno Realty Corporation (NYSE:TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, acquired three industrial properties in Seattle, Washington on August 11, 2021 for a purchase price of approximately $50.0 million. The improved land parcels totaling 11.7 acres are on Martin Luther King Jr Way S adjacent to King County International Airport-Boeing Field and Interstate 5. Property details are: Address Price Occupancy Acres Stabilized Cap Rate 9801 $11.9 million 100% 3.1 2.4% 9845 $15.8 million 100% 3.4 3.4% 9600 $22.4 million 0% 5.2 4.9% Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market … Continue reading "Terreno Realty Corporation Acquires Properties in Seattle, WA for $50.0 Million"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/terreno-realty-corporation-acquires-properties-in-seattle-wa-for-50-0-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-12T13:18:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210812005086r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-properties-in-seattle-wa-for-50-0-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-properties-in-seattle-wa-for-50-0-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Terreno Realty Corporation Acquires Properties in Seattle, WA for $50.0 Million\",\"datePublished\":\"2021-08-12T13:18:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-properties-in-seattle-wa-for-50-0-million\\\/\"},\"wordCount\":499,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-properties-in-seattle-wa-for-50-0-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210812005086r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-properties-in-seattle-wa-for-50-0-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/terreno-realty-corporation-acquires-properties-in-seattle-wa-for-50-0-million\\\/\",\"name\":\"Terreno Realty Corporation Acquires Properties in Seattle, WA for $50.0 Million - 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