Terreno Realty acquires industriual propery in in Doral, FL for $195.6M

Terreno Realty (TRNO) acquired Terreno Doral Air Logistics, an industrial property located in Doral, Florida on December 27, for a purchase price of approximately $195.6 M…Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization. Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal U.S. markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C.