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Terreno Realty Acquires San Carlos Industrial Property for $29 Million

Terreno Realty Acquires San Carlos Industrial Property for $29 Million

MT newswireMT newswire2026/10/30 13:45
09:45 AM EDT, 10/30/2026 (MT Newswires) -- Terreno Realty (TRNO) acquired an industrial property in San Carlos, California, for around $29 million on Oct. 29, the company said Friday. The 80,000-square-foot property comprises five buildings on 4.1 acres and is 86% leased to three tenants, with 38% of leases expiring in April 2027, the company said. The property has an estimated stabilized capitalization rate of 5.7%, it added. Terreno Realty shares were up 1.1% in Friday trading. Price: 65.61, Change: -0.09, Percent Change: -0.14
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